July 19, 2017
BasinTek, LLC signed a 200,000-square-foot renewal and expansion at 713 Northpark Central Dr. in Houston. The transaction is the sixth largest by square footage in the Houston industrial market year to date.
NAI Partners Nick Peterson and John Ferruzzo represented the tenant. The property is part of ProLogis NorthPark, a master-planned project located along I-45 north between Airtex Drive and Richey Road, with access to I-45, Beltway 8 and the Hardy Toll Road.
Peterson says, “Arranging a lease of this magnitude for a drilling company in expansion mode is a breath of fresh air for Houston, and a testament to the city’s slowly recovering oil and gas industry.”
BasinTek’s Dan O’Sullivan notes, “Our partnership with Prologis further enhances BasinTek’s ability to safely provide product to our customers.” The company will use the facility to research, develop and then field-test its entire line of mud motor drilling power sections.
For comments, questions or concerns, please contact Dennis Kaiser