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Colliers announces the sale leaseback of Dynamic Glass Industrial Park in Houston

 

Colliers is pleased to announce the sale leaseback of Dynamic Glass Industrial Park, a 160,778 square foot complex, located at 9419 Windfern Road and 9320 Zaka Road in Houston, Texas. The buyer, Gordon Creekside, was represented by TCI Properties out of California. David L. Carter and John Nicholson of Colliers represented the seller in the transaction. 

 

"We took advantage of our strong financial performance and low interest rates to maximize the value of our real estate holdings," said Chief Financial Officer, Scott Coulter of Dynamic Glass. "This transaction allowed us to continue to utilize this important part of our operation for many years to come as well as delivered capital to repay outstanding debt, fund growth investments and provide liquidity to our shareholders. This transaction was a win all around."

 

Dynamic Glass executed a 15-year market rent lease with the buyer upon closing. The property is a 4-building industrial complex situated on ±9 acres with frontage on Windfern Road. The complex allows excellent access to West Sam Houston Parkway and all other major thoroughfares. 

 

The property is located in the Highway 290/Tomball Parkway industrial submarket. The submarket added 3.2 million square feet of new industrial/flex product and absorbed 1.6 million square feet in 2020.

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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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David Carter

Principal & Director

Houston

David Carter, Principal, Director and sits on the Governance Council. Titans Award recipient for top revenue producer and Everest Award recipient for top production across the enterprise. Carter specializes in the areas of brokerage and investment sales of office, flex and industrial buildings. Carter has successfully represented an extensive client base in dispositions, sale leaseback, build to suit, joint ventures, partnership structure, acquisitions and development.

Expertise, knowledge and commitment to clients are Carter’s skill set that allow his clients to make critical decisions with the right information, delivering valuable real estate solutions to grow their business.

Carter has consistently been recognized as a Houston top producer in commercial real estate since 1997 and has earned the professional designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtors (SIOR), President in 2009.

He is a member of NAIOP and licensed real estate broker in the State of Texas, holds a Bachelor of Business Administration degree specializing in Finance from Sam Houston State University and is a member of Sigma Chi Fraternity.

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