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Colliers facilitates 568,084 square feet of leases at Weatherford Business Park in Stafford, TX

Colliers announces Weatherford Business Park in Stafford, Texas is fully leased with five industrial leases totaling 568,084 square feet. 

 

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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. "

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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 PeschelWalter 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.

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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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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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Jason Scholtz

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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