Colliers announces Weatherford Business Park in Stafford, Texas is fully leased with five industrial leases totaling 568,084 square feet.
In August 2021, Chempak leased Building 3, signing a 10-year lease of 156,726 square feet. Chempak was represented by Anthony Squillante and Drew Coupe of Avison Young in the transaction.
Building 2 has recently been leased by three tenants. Holiday Logistics dba King of Christmas leased 88,721 square feet and was represented by Clay Pritchett of NAI Partners. Chadwell Supply Texas leased 144,682 square feet, acquiring the largest portion of Building 2, and was represented by Reed Parker of Lee & Associates. Finally, Dishaka leased 77,802 square feet in the northeast corner of the building and was represented by Terry Nehls of Fincher Companies.
Immatics U.S., Inc. leased Building 1, a 100,153 square foot rear load building fronting Murphy Road. They were represented by Scott Visin of Cushman & Wakefield.
"It is exciting to see Weatherford Farms 100% leased just a few months after completion," said Cory Driskill, Managing Director of Crow Holdings. "The success of the project is testament to a great location in Stafford and quality product that met the demands of the marketplace. The professional brokerage team at Colliers did an outstanding job of marketing the project and executing on leases. "
Weatherford Farms Business Park is a newly constructed, three building industrial development located at 13203 Murphy Road in Stafford, Texas. The complex is situated on 34 acres and features extensive road frontage along both FM 1092 and Mula Road. The buildings provide an excellent location for industrial distribution or flex space. The developer, Crow Holdings Industrial, completed the project in September 2021.
Barkley Peschel, Walter Menuet and Jason Scholtz of Colliers represented the landlord, Weatherford Farms DC, in the transactions and handled the leasing for the property. Cory Driskill and Emily Walker of Crow Holdings Industrial represented the developer.
The property is located in Houston's Hwy 59/Hwy 90 industrial submarket. The submarket contains 29.6 million square feet of industrial space, which is currently 93 percent occupied and the average asking market rental rate is $8.58 per square foot.