January 8, 2019
Valvoline signed a lease for 472,000 square feet of space in Port Crossing Commerce Center, a Liberty Property Trust (LPT) property in La Porte, TX. The Lexington, KY-headquartered company is planning to use the space at 1302 Wharton Weems Blvd. to store and distribute lubricants, antifreeze and other chemical products that support the automotive industry. The facility, which is between Port Houston’s Barbours Cut and Bayport terminals, is about 10 miles from Valvoline’s Deer Park, TX plant.
Colliers International’s Gary Mabray and Walter Menuet represented landlord LPT in the transaction. Ryan Fuselier with JLL and AJ Magner, previously with JLL, represented Valvoline. Additional transactions are in the works for the remaining 127,000 square feet in the facility, Colliers said. Valvoline has more than 1,170 retail Valvoline Instant Oil Change shops nationwide, and targeted Houston as a market for major expansion.
For comments, questions or concerns, please contact Amy Sorter