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Colliers announces the investment sale of ChampionX in Pleasanton, Texas

Colliers is pleased to announce the sale of the net lease property, ChampionX (Apergy), located at 385 Shale Road in Pleasanton, Texas. The buyer, EPLS, was represented by Mark Lewkowitz of Colliers in San Diego. Todd Moore and Barkley Peschel of Colliers represented the seller, CG Dover, in the transaction. 

The ChampionX leased property consists of two industrial warehouse buildings totaling 23,500 square feet on 9.60 acres. The property was built in 2014 and features 20% of office space and is accessible by two main driveways that front Shale Road.

"We are very pleased to have executed this transaction for our client. The net lease market for energy related real estate saw increased demand over 2021 and this asset was a prime example," said Todd Moore, Principal of Colliers. "We ran our process and received over a dozen competitive offers and were fortunate to be able to select a great buyer who brought strong terms along with certainty of execution. The buyer was represented by Mark Lewkowitz in our Colliers office in San Diego, and he did an excellent job in the transaction. We are all extremely excited about how well the Colliers platform benefited our clients in this transaction."

ChampionX is a global leader in oilfield technology solutions, chemistry programs and services, drilling technologies, artificial lift solutions and automation technologies for the oil and gas industry. ChampionX has occupied the property since 2014 and executed a lease extension in June of 2020 showing their commitment to the location.

The property is in Pleasanton, TX part of the greater San Antonio-New Braunfels MSA. Pleasanton is located approximately 35 miles south of downtown San Antonio and is often referred to as the Gateway to the Eagle Ford Shale. Several energy and logistics companies have regional or field offices in Pleasanton. The property is situated on major crossroads in the Eagle Ford Shale zone such as Interstate 37, US Hwy 281 and State Hwy 97.

 

ChampionX


Related Experts

Todd Moore

Principal

Houston

Todd Moore joined Colliers International | Houston in November 2020 as a Principal where he focuses on investment sales of industrial, office, retail and sale leaseback transactions.

Prior to joining Colliers, Mr. Moore served as Director at Stan Johnson Company (SJC) where he spent nine years representing buyers and sellers of net leased assets throughout the United States. During his time with SJC, he transacted close to half a billion in investment sales and was recognized with the Sales Excellence Award and as a Top 10 Producer. He brings more than 12 years of commercial real estate experience to the Colliers team and has a unique ability to effectively analyze and transact leased investment property. 

Mr. Moore’s primary focus is on developers and investor clients in the industrial, office and retail market sectors throughout the United States. His commitment to client services promotes the development of strong relationships with top developers, Real Estate Investment Trusts (REIT) and private investors across the country.

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Barkley Peschel

Senior Vice President

Houston - Sugar Land

Mr. Peschel is a multi-disciplined commercial real estate advisor with experience in tenant/buyer representation, relocation/expansion, land acquisition/disposition, and economic incentive negotiations.  He spends most of his time on industrial and land transactions, but given the Colliers network and resources, he’s involved in a variety of deal types including office and investments.  He is surrounded by experts who he partners with depending on the deal.  He stays involved in transactions to bring trust to the client. 

Barkley's clients tell him that they enjoy working with him; that they have a high degree of confidence that he can perform to help them meet their goals; and that they appreciate his resourcefulness and sense of urgency.  Barkley's background in economic development combined with the Colliers process and platform gives him a unique perspective and experience that he uses to meet his clients’ commercial real estate needs.

Barkley is consistently a top producer (Titan) in the Houston office.  In 2015, he was a Colliers' Everest Award recipient. This award is bestowed upon the top 10% of all Colliers brokerage professionals across the United States based on revenue production. 

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