Two tenants inked mammoth leases in a business park near the Port of Houston, totaling more than a combined 1 million square feet of leased and pre-leased space.
Memphis, Tennessee-based Dunavant, a logistics and supply chain company, preleased 565,760 square feet in Phase II of the Bay Area Business Park, which is set to deliver in September 2016, a Stream Realty spokesperson said. Floor & Décor Outlets of America Inc. leased 480,480 square feet in Phase I of the business park, which delivered in 2009 and includes three buildings that total 1.2 million square feet. The leases were finalized in late December, making them some of the biggest industrial leases to close in Houston in 2015.
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