Colliers facilitates sale of industrial investment property in Stafford, Texas

HOUSTON - Rezul -- Colliers is pleased to announce the sale of an industrial investment property located at 13715 N Promenade Boulevard in Stafford, Texas. Jason Tangen of Colliers represented the seller in the transaction.

The property is located in Houston's southwest industrial market and offers convenient access to major transportation corridors including U.S. Highway 90A, Highway 59, Beltway 8, and the Sam Houston Tollway. Its location within the Stafford business corridor continues to attract a wide range of industrial and distribution users seeking proximity to both central Houston and the broader southwest Houston region.

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"Industrial investment activity in southwest Houston continues to benefit from limited supply and steady tenant demand," said Jason Tangen of Colliers. "The property saw substantial interest at onset based upon the robust occupancy rate coupled with a very limited competitive set of similar manufacturing properties existing within the submarket. As overall manufacturing vacancy across the MSA is down to under 2.4%, we have seen a significant increase in the amount of liquidity chasing these deals market wide creating a strong exit environment for seller's today."

Read the full press release at colliers.com/houston