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Colliers announces lease of a ±3.4 acre laydown yard near Interstate 10

Colliers is pleased to announce the lease of ±3.4 acres located at 605 Wayside Drive in Houston, Texas. The tenant, J.B. Hunt Transport Inc., was represented by Craig Jones of Fischer & Company. Zack Taylor, of Colliers Houston, represented the landlord, LP by Wayside Management, in the transaction. 

"The ownership group purchased this asset last year due to its proximity to Houston’s Turning Basin Bulk Terminal. They thought the location would appeal to a variety of different users and could not be happier to have secured a lease with JB Hunt. This will be a fantastic long-term investment for the client," said Zack Taylor of Colliers.

The property is located in Houston's Downtown industrial submarket. The submarket contains 31.7 million square feet of industrial space, which is currently 95 percent occupied and the average asking annual market rental rate is $6.13 per square foot.

 

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Zack Taylor

Senior Vice President

Houston

Zack Taylor joined Colliers in March 2021 as Senior Vice President. Zack specializes in the sale and leasing of industrial real estate with a particular focus in southeast Houston and other markets along the Gulf Coast. He has experience working with local, national, and international clients on their various real estate needs including site selection, tenant representation, building acquisitions/dispositions and build-to-suit projects. Zack’s analytical approach to real estate allows him to successfully evaluate and execute a broad range of complex transactions.

Zack has nine years of experience in commercial real estate acting as a trusted advisor. Zack has worked with industrial users, developers, and investors on a variety of transactions totaling more than 3 million square feet of lease/sale transactions and hundreds of acres of land totaling more than $200 million in transaction volume.

Zack is a native Houstonian and enjoys spending time in the outdoors with his wife, Alexandra, and two boys, Owen and Benjamin.

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