Sep 25, 2014
Levey Group Leases 50,400 Square Feet to Flotek Industries, Inc. Inside Sam Houston Business Park
HOUSTON – September 25, 2014 – Levey Group executed a 50,400 square foot, 15-year lease with Flotek Industries, Inc. (NYSE: FTK) at 8846 N. Sam Houston Pkwy. W., inside Levey Group’s Sam Houston Business Park.
Flotek, a diversified global supplier of drilling and production related products and services to the energy and mining industries, is headquartered in Houston, Texas, within half a mile of Sam Houston Business Park.
Flotek’s subsidiary CESI Chemical will occupy the space and is currently developing plans to buildout a state-of-the-art laboratory research facility within the new leasehold space.
Sam Houston Business Park is Levey’s Class-A, premier industrial flex, office and distribution business park located in Houston’s prime Northwest submarket. The park presently consists of three tiltwall facilities featuring attractive storefront entrances, generous clear heights and column spacing, and ample dock-high and grade-level loading docks. A fourth 56,000 square foot building is currently in design.
The Flotek lease brings the park to 95% occupancy across the three existing buildings. A prime 11,200 square foot space remains available, featuring generous Beltway frontage.
Other park tenants include Ringers Technologies, Tyndale USA, NDLI Logistics, Westermann BG and Doorscapes, Inc.
Joseph Smith of CBRE represented Levey Group, and Hugh Herman and Matt Trozzo of Cushman & Wakefield of Texas, Inc. represented Flotek in the transaction.
Levey Group is a full service commercial real estate company. Established in 1979, Levey specializes in providing office-warehouse buildings for sale or lease to Houston’s manufacturing, warehouse and distribution companies. For more information, please visit the Sam Houston Business Park website at www.samhoustonbp.com or the company’s website at www.leveygroup.com.
Director of Operations