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Colliers International announces Dunavant Distribution Group has leased 137,280 square feet at Bay Area Business Park in Pasadena, Texas

Industrial Lease.

Colliers International is pleased to announce Dunavant Distribution Group, LLC has leased a 137,280 square foot industrial building at Bay Area Business Park located at 10619 Red Bluff Road in Pasadena, Texas. This brings Dunavant Distribution Group to just under one million square feet occupied within Bay Area Business Park.

Dunavant Distribution Group, LLC is a logistics and supply chain innovator that ensures companies that their supply-chain solution needs are met efficiently and effectively. While providing dedicated services to domestic and global customers, Dunavant Distribution focuses on supplying companies with their logistical practices and technology. 

Bay Area Business Park

Houston’s industrial market continues to expand, adding 13 million square feet of new inventory in 2019. Currently, there are another 22 million square feet of industrial space under construction, which is approximately 38% preleased and will deliver this year. Houston’s industrial market is healthy, with a 6.9% vacancy rate.

John Nicholson, SIOR of Colliers International represented the tenant, Dunavant Distribution Group in the transaction. The landlord, PEPF Red Bluff, was represented by Justin Robinson and Jeff Pate of Stream Realty.


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John Nicholson

Principal

Houston

John specializes in industrial representation for logistics companies, manufacturing and corporate user’s of space.  He works with his clients to execute cost reduction strategies, multi-market transactions, site selection, build to suit projects, disposition of surplus property and overall portfolio management.

John has negotiated more than 800 transactions in his career totaling over One Billion dollars in transaction value. Responsible for assuring the client’s interests are represented, John has saved his clients an estimated 20% - 25% in total occupancy cost, as well as mitigating the client’s risk and exposure throughout each transaction.

Before joining Colliers John was President of Douglas Development Partners.

John also served as the Executive Managing Director of Cushman & Wakefield and Senior Vice President at Transwestern during the course of his career.

Prior to the commencement of his commercial real estate career, John was a second round draft pick in the Major League Draft by the Colorado Rockies.

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