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Colliers facilitates sale of ±71,438 square foot office/warehouse on ±4.55 acres in Fort Bend County

Sycamore Road_HERO_1536x1040

Colliers is pleased to announce the sale of a ±71,438 square foot office/warehouse on ±4.55 acres in Fort Bend County. The recently built industrial property is located at 701 Sycamore Road in Fresno, Texas. The buyer, Primo Fitness, was represented by Haley Golden, Blair Golden and Lilly Golden with Evergreen Commercial Realty. Jason Scholtz and Barkley Peschel of Colliers represented the seller, Lemark Investments, in the transaction. 

 

Primo Fitness will be relocating its entire operation from Santa Ana, California to the new location in Fresno, Texas.

 

“As a supplier of high-end fitness equipment, Primo’s business has grown quickly across the state of Texas. Texas’ business-friendly atmosphere along with the lower cost of living made a very compelling case for Primo’s relocation," said Jason Scholtz of Colliers. "Their new location is also located a short distance from Pearland, Missouri City, and Manvel which all provide attractive housing, amenities, and a strong and talented labor pool.”

 

The property is located in Houston's Southwest Far industrial submarket. The submarket contains 22.9 million square feet of industrial space, which is currently 91.3 percent occupied and the average asking market rental rate is $8.66 per square foot. More than 1.3 million square feet of new product has been delivered in the past 12 months and there is an additional 941,000 square feet of industrial space currently under construction in the submarket.

Sycamore Street Property Photo

  


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Jason Scholtz

Senior Vice President

Houston

Jason’s primary focus is on buying, selling and leasing supply chain properties throughout the greater Houston region. Whether it’s locating additional distribution space for a growing e-commerce company, advising a client on potential relocation sites, or helping a property owner monetize an under-performing asset, Jason’s expertise and knowledge of supply chain properties ensure that his clients are making the best possible real estate decisions.  If you are considering an upcoming real estate project that involves distribution, logistics, or manufacturing, contact Jason for a complimentary advisory consultation today.   

Prior to joining Colliers, Jason held various positions of increasing responsibility with Fluor, Halliburton, and Nalco Champion. His corporate experience enabled him to lead complex projects aimed at increasing revenues, decreasing costs, and maximizing supply chain efficiencies across global networks. His experience as a corporate real estate "user" has given him a unique perspective on the proper utilization and optimization of real estate assets, thus enabling his clients to take a strategic approach to their real estate portfolios.

Jason received his Masters of Business Administration from the C.T. Bauer College of Business at the University of Houston. He also holds a Bachelor of Science in Finance and Real Estate from the University of South Carolina.

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Barkley Peschel

Principal

Houston

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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