Cushman & Wakefield’s Allison Bergmann and Jim Foreman Represent Triten in 162,790-SF Lease with Playground-equipment Company
HOUSTON, November 15, 2023 – Cushman & Wakefield announced today that the firm represented developer Triten Real Estate Partners in leasing 162,790 square feet of industrial space at Fairbanks Northwest Distribution Center to KidsTale Playgrounds.
Cushman & Wakefield’s Allison Bergmann and Jim Foreman represented Triten, while Brett Lewis of Lee & Associates represented KidsTale.
Triten completed Fairbanks Northwest Distribution Center, a two-building warehouse distribution center in August, and KidsTale will occupy the entire North Building. Next door, Building 1 totals 194,780 square feet and remains available. Both buildings feature 32-foot clear heights, speculative office components, four drive-in ramps each, 180-foot truck courts with heavy trailer parking.
“Leaning into our team’s experience, as it relates to developing the site plan at Fairbanks, we placed more emphasis on how we approached outside storage and trailer parking,” says Will Hedges, Partner at Triten Real Estate Partners. “There is a trend among users commanding more trailer parking and outside storage as a component to their warehousing needs. The site plan was designed to make all sides of both buildings optimal by providing private truck storage as a competitive advantage.”
Located at 7810 Fairbanks North Houston Road, Fairbanks Northwest Distribution Center is in Houston’s Northwest submarket. It is 2.5 miles from Beltway 8 and U.S. Highway 290 and seven miles from Interstates 10 and 610.
About Triten Real Estate Partners
Founded in 2011, Triten Real Estate Partners (TREP) is a subsidiary of the Triten Corporation, an investment holding company dating back nearly 70 years with operating subsidiaries in energy, media, real estate and consumer goods. With offices in Houston and Dallas, TREP focuses on identifying unique investment opportunities where value can be created through a tailored experience focused on the changing trends in our industry. Leveraging its almost 30 years of project and construction management experience and partnerships with leading investment firms like The Carlyle Group, USAA, Taconic Capital, Angelo Gordon and Long Wharf Capital, TREP is able to execute on complex development and capital projects. The company prides itself as being entrepreneurial and flexible to find investments through a disciplined research and market-driven approach. For additional information, visit www.tritenre.com.
Cushman & Wakefield Represents Owner Triten Real Estate Advisors in Leasing Fairbanks Northwest Distribution Center Building Two to KidsTale
Bailey Webb • 11/16/2023
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.