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.
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.