{"id":1004704309,"date":"2024-02-29T08:42:56","date_gmt":"2024-02-29T16:42:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004704309"},"modified":"2024-02-29T08:44:05","modified_gmt":"2024-02-29T16:44:05","slug":"molto-properties-inks-full-building-lease-in-west-houston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/molto-properties-inks-full-building-lease-in-west-houston\/","title":{"rendered":"Molto Properties Inks Full-Building Lease in West Houston"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a20f9a0e332d&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"428\" height=\"321\" data-attachment-id=\"1004704310\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/molto-properties-inks-full-building-lease-in-west-houston\/barker-cypress-distribution-center-colliers\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Barker-Cypress-Distribution-Center-Colliers-e1709213550587.jpg\" data-orig-size=\"428,321\" 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=\"Barker Cypress Distribution Center Colliers\" data-image-description=\"&lt;p&gt;Barker Cypress Distribution Center. Image courtesy of Colliers&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Barker Cypress Distribution Center. Image courtesy of Colliers&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Barker-Cypress-Distribution-Center-Colliers-e1709213550587.jpg?w=428\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Barker-Cypress-Distribution-Center-Colliers-e1709213550587.jpg\" alt=\"Barker Cypress Distribution Center\" class=\"wp-image-1004704310\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Barker-Cypress-Distribution-Center-Colliers-e1709213550587.jpg 428w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Barker-Cypress-Distribution-Center-Colliers-e1709213550587.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 428px) 100vw, 428px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Barker Cypress Distribution Center came online in 2022.<em> Image courtesy of Colliers<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>Molto Properties<\/strong> has signed a 142,100-square-foot long-term lease at Barker Cypress Distribution Center, in Cypress, Texas, within the West Houston submarket. Building materials supplier <strong>84 Lumber<\/strong> will fully occupy the Class A facility.<\/p>\n\n\n\n<p><strong>Colliers<\/strong>\u2019 Executive Vice President &amp; Principal Wes Williams and <strong>Boyd Commercial<\/strong>\u2019s Managing Principal Conrad Bernard negotiated on behalf of the landlord. The same team also helped the owner when it acquired the land site.<\/p>\n\n\n\n<p>Molto Properties financed the asset&#8217;s development with a $7.3 million construction loan from <strong>Associated Bank<\/strong>, due 2025, CommercialEdge data shows.<\/p>\n\n\n\n<p>Built in 2022, Barker Cypress Distribution Center is at 12020 Barker Cypress Road and features 32-foot clear heights, a 3,574-square-foot office component, two drive-in doors, 11 dock levelers, 124 vehicle parking spots and 25 trailer parking spots. The front load industrial facility also includes ample column spacing, 32 dock-high doors and 60-foot speed bays.<\/p>\n\n\n\n<p>The 12-acre property provides easy access to Interstate 10 and U.S. Highway 249, while being 27 miles from George Bush Intercontinental Airport, 30 miles downtown Houston and within 33 miles of Port of Houston.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-houston-s-vacancy-rate-in-early-2024\">Houston&#8217;s vacancy rate in early 2024<\/h2>\n\n\n\n<p>As of January, Houston&#8217;s average in-place rents were at $6.58 per square foot, up 4.4 percent year-over-year. This was more expensive than Dallas ($5.83 per square foot) and Atlanta ($5.60 per square foot), according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-sector-set-for-2024-transformation\/\">CommercialEdge report<\/a>. The vacancy rate in Houston settled at 5.9 percent, 110 basis points higher than the national figure.<\/p>\n\n\n\n<p>In early December 2023, Stream Realty Partners has been appointed as exclusive leasing agent for <a href=\"https:\/\/www.commercialsearch.com\/news\/stream-realty-to-lease-865-ksf-houston-industrial-park\/\">North Park 34<\/a>, an 865,000-square-foot industrial campus in Houston. Arden Group subsidiary Arden Logistics Parks owns the asset and upgraded it after its purchase in late 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Materials supplier 84 Lumber will occupy the building.<\/p>\n","protected":false},"author":2991,"featured_media":1004704310,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1589,21748,21742,51973],"tags":[51739,35498,35480],"class_list":["post-1004704309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-houston","category-industrial","category-latest","category-southwest","tag-boyd-commercial","tag-colliers","tag-molto-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Molto Properties Inks Full-Building Lease in West Houston - 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