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2/24/26
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STATS International Inc, an oil field equipment supplier, has leased an 88.6k sf industrial building in Houston. The property, located at 6401 N. Eldridge Pkwy, Building U, is owned by Brennan Investment Group.
STATS will occupy the facility in approximately 45 days after relocating from within Houston’s northwest submarket. The firm had been seeking a crane-served facility in northwest Houston to allow for growth, which was a big challenge given the scarcity of this product type.
Avison Young Principals Anthony Squillante and Drew Coupe represented STATS International. Brennan Investment Group was repped by John Ferruzzo and Jack Ferruzzo with KBC Advisors, as well as Ryan Wasaff and Cole Bercher with Welcome Group. Terms of the transaction were not disclosed.
“The momentum and demand for crane-served facilities are very strong in Houston and at approximately 2.9% vacancy, there are very few options available,” added Squillante. “With not many choices, groups either have to wait a long period of time for availability or build a facility to suit.”
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