Furniture Brands Lease Brings Panattoni’s Airtex Industrial Center to 100% Occupancy
Monday, August 16th 2010
Houston, TX–Furniture Brands, Inc. has leased 109,386 square feet within the Airtex Industrial Center in Houston, Texas. The 486,720 square foot Class A industrial facility, located at 14810 North Freeway, was completed in 2009. Other tenants include: Houston Furniture Partners and Velocity Acquisitions.
The wholesale furniture distributor lease brings the facility to 100% occupancy and reflects an expansion of the firm in the Houston area. Don Dennis, Senior Vice President for Panattoni’s Texas operation, commented, “In this slower economic environment, Airtex Industrial Center has still been able to attract companies who need superior visibility and access to Interstate 45. We have several remaining land sites suitable for industrial, office and retail uses available for sale or build-to-suit.”
Patrick Rollins and Joseph Smith of CBRE represented Furniture Brands, Inc. Gary Mabray and Walker Barnett of Colliers Houston represented Panattoni Development Company in the transaction.
Panattoni Development Company (PDC) is a privately held, full service development company founded in 1986. During the last five years, the firm has completed 75 million square feet of space worldwide. PDC has developed industrial, office and retail facilities in more than 200 markets. The firm is headquartered in Sacramento, California, and maintains offices throughout the United States, Canada and Europe.