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Colliers International announces three new leases totaling 136,626 square feet at Port Crossing Commerce Center in La Porte, Texas

Industrial Leases.

Colliers International is pleased to announce three new leases in Port Crossing Commerce Center in La Porte, Texas.

 

In Building C4 at 1814 Highway 146 South, Gasket Resources leased 17,257 square feet and was represented by John Willhoite of Qualified Properties. 

 

Also in Building C4, Leader Marine USA leased 26,619 square feet and was represented by Travis Secor and Ryan Fuselier of JLL. 

 

In Building B1 at 1901 Wharton Weems Boulevard, Averitt Express leased 92,750 square feet and was represented by Pete Greenfield of Equitable Property Company.

 

Gary Mabray and Walter Menuet of Colliers International represented the landlord, Liberty Property Trust, in all three transactions.

Port Crossing Commerce

Houston’s industrial market posted 2.4 million square feet of positive net absorption Q4 2019, pushing the 2019 year-end total absorption to 8.7 million square feet. The 20 million square feet of industrial space under construction in Houston is 38.9% pre-leased. A large portion of this construction is located in the Southeast, Southwest and North Corridor submarkets.

 

Liberty Property Trust owns and manages 10.39 million square feet of space across 69 buildings in the Houston metro, with significant concentrations of buildings at parks including Central Green Business Park, Greens Crossing Distribution Center, Legacy Business Park, Liberty Northwest Business Park, and Port Crossing Commerce Center. 


Related Experts

Gary Mabray

Principal

Houston

Gary Mabray has more than 45 years of experience in commercial real estate in Houston and the Gulf Coast region.  As an industrial real estate professional he has particular expertise in warehouse, rail served properties, fabrication facilities, and ship channel sites.  He began his sales career with Texas Industries, selling construction materials, before joining his father, Tom C. Mabray, in the family commercial real estate brokerage business.  During his career, Mr. Mabray has represented a broad range of public and private corporate clients in both industrial and office transactions.

While at Colliers, he has consistently ranked among the company’s top producing brokers, receiving the Top Producer and Deal of the Year Award and ranking as a Top 10 Producer numerous times over the last 10 years.

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Walter Menuet

Senior Vice President

Houston

Walter Menuet has more than 30 years of experience in commercial real estate in Houston and the surrounding areas. Walter focuses primarily on industrial real estate sale and lease transactions involving warehouses, manufacturing facilities, and land.

Walter is a 25-year veteran of the Vantage Companies, a Dallas based developer of commercial real estate. During this time, Vantage developed more than 10 million square feet of industrial properties in Houston, on which Walter served as the in-house leasing and sales broker.

Walter’s primary responsibilities at Vantage were leasing and disposition of Vantage developments as well as a portfolio of third party owned properties in the Houston area. Notable third party landlord clients included DCT Industrial, Principal, Mountain West Industrial Properties, The Carson Companies, DDR, The Meritex Companies, Core Real Estate, CMC Commercial Realty Group and American Industrial Properties. During his tenure with Vantage, Walter closed more than 500 transactions in approximately 10 million square feet of space with total transaction values of approximately $300 million.

Walter made the move to Colliers  | Houston in 2012 and has continued as an Industrial Specialist serving the needs of landlords, tenants, buyers, and sellers. Notable clients served in seven years with Colliers include Liberty Property Trust, Prologis, Crow Holdings, Inc., Mountain West Industrial Properties, The Meritex Companies, Industry Capital, Berkeley Capital, CUNA Mutual, ML Realty Partners, and The Fort Worth Foundation.

In seven years at Colliers, Walter has closed more than 7 million square feet of transactions with an aggregate value of more than $200 million. 

Walter has won the CoStar Power Broker award numerous times for leasing transaction volume and has been named an industrial brokerage Heavy Hitter by the Houston Business Journal. In 2017, Walter was on the landlord team for the NAIOP Industrial Deal of the Year and was named to Colliers’ Everest Club as a national top 10% producer.

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