{"id":1004183489,"date":"2017-07-11T09:31:21","date_gmt":"2017-07-11T17:31:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004183489"},"modified":"2022-12-08T07:49:41","modified_gmt":"2022-12-08T15:49:41","slug":"jll-arranges-nw-houston-industrial-lease-renewal-in-nw-houston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-arranges-nw-houston-industrial-lease-renewal-in-nw-houston\/","title":{"rendered":"JLL Arranges NW Houston Industrial Lease Renewal"},"content":{"rendered":"<p>By Anca Gagiuc<\/p>\n<div id=\"attachment_1004183498\" style=\"width: 337px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Prologis_Northpark.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004183498\" data-attachment-id=\"1004183498\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-arranges-nw-houston-industrial-lease-renewal-in-nw-houston\/prologis_northpark\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Prologis_Northpark.jpg\" data-orig-size=\"900,400\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Prologis_Northpark\" data-image-description=\"&lt;p&gt;Prologis Northpark, Houston&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Prologis Northpark, Houston&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Prologis_Northpark.jpg?w=900\" class=\"wp-image-1004183498\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Prologis_Northpark.jpg\" alt=\"Prologis Northpark, Houston\" width=\"327\" height=\"145\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Prologis_Northpark.jpg 900w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Prologis_Northpark.jpg?resize=300,133 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Prologis_Northpark.jpg?resize=768,341 768w\" sizes=\"auto, (max-width: 327px) 100vw, 327px\" \/><\/a><p id=\"caption-attachment-1004183498\" class=\"wp-caption-text\">Prologis Northpark, Houston<\/p><\/div>\n<p>JLL has negotiated a 140,695-square-foot industrial lease renewal at Prologis Park\u2013West by Northwest, 14902 Sommermeyer Street in Houston, on behalf of LSI Industries Inc., a manufacturer of LED lighting solutions.<\/p>\n<p>Built in 1983, 14902 Sommermeyer Street is a 264,461-square-foot industrial building and was the second of 26 buildings completed within Prologis\u2019 West by Northwest <a href=\"https:\/\/www.commercialsearch.com\/news\/jll-tapped-to-lease-phoenix-industrial-project\/\">industrial park<\/a>. The asset features front-load dock configuration, ample parking, 24-foot clear heights and convenient access to Beltway 8 and Highway 290.<\/p>\n<h2>Lease facilitators<\/h2>\n<p>JLL\u2019s Jeff Venghaus negotiated the terms on behalf of the tenant. Kevin Wittler of Prologis represented the landlord.<\/p>\n<p><em>\u201cThe strategic location and existing improvements are the best features of this property,\u201d<\/em> Venghaus said in a prepared statement. <em>\u201cIts position is close to existing labor pools and main transportation corridors. The space continues to serve the business operations of LSI Industries Inc. very well.\u201d<\/em><\/p>\n<p>According to a JLL industrial report, the northwest region maintains its position as one of Houston\u2019s top performing industrial submarkets, with 996,628 square feet of positive net absorption in the first half of 2017.<\/p>\n<p><em>Image courtesy of Prologis<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LSI Industries Inc. extended its lease at Prologis Park\u2013West by Northwest, in a transaction represented by JLL\u2019s Executive Vice President Jeff Venghaus.<\/p>\n","protected":false},"author":237,"featured_media":1004183498,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1589,21748,21742],"tags":[32796,36681,32956,36680],"class_list":["post-1004183489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-houston","category-industrial","category-latest","tag-jll","tag-lsi-industries","tag-prologis","tag-prologis-park-west-by-northwest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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