November 13, 2023
HOUSTON – Transwestern Real Estate Services (TRS) announces it negotiated a 24,500-square-foot lease at Old Town Spring Business Park on behalf of H2O Innovation, a large water solutions company based in Quebec City. Transwestern Vice President Nathan Donahue represented H2O Innovation in negotiations at 27335 W. Hardy Road in Spring, Texas.
The water technology company is relocating and consolidating from its current locations at 2200 Sciaaca Road and 12337 Jones Road to this one large industrial warehouse. Additionally, H2O Innovation will utilize an adjacent 1.5-acre laydown yard to support its service vehicle operations. The company will relocate to Building 1 in November 2023.
"The flight to quality trend extends beyond the office market,” said Donahue. “Industrial developers are also prioritizing the construction of functional and competitively priced projects. Landlords that invest in a quality product are poised for continued success."
The landlord was represented by Todd Jurek of Keen Realty Group. Old Town Spring Business Park is a newly developed flex industrial park consisting of four 49,000-square-foot office/warehouse units in the North Hardy Toll Road submarket. According to Transwestern Research, in the trailing 12 months of the second quarter of 2023, the area saw 2.67 million square feet of positive absorption of industrial products.
“We are thrilled to be able to complete this long-term lease with such a solid international company,” said Jurek about H2O Innovation.
Photography of 27335 W. Hardy Road is available for download here.
About Keen Realty Group
At Keen Realty, we deliver competent and professional property management services for commercial real estate owners. Our clients rely on us for peace of mind as we manage the details and complexities of each property with expertise and care. For more information, please visit Keen Realty’s website at www.keenrealty.com.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Five dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.