The Avera Companies, a commercial real estate development, construction, and investment firm, has announced the execution of a lease at Park 8, a 242,760 SF distribution center in northwest Houston. Avera partnered with AEW Capital Management on the development and construction of Park 8.
Hercules, Inc. has signed a long-term lease at Park 8 for 111,062 square feet. The remaining 131,698 square feet of the building is currently leased to Hellman Worldwide Logistics.
“We are thrilled to have Hercules at Park 8. Our location at the southwest corner of Beltway 8 and I‑45 North is incredibly strategic – it provides Hercules with access to both highways, as well as close proximity to the Northwest submarket and Bush Intercontinental Airport,” said Trey Odom, President and Chief Executive Officer of The Avera Companies.
Park 8 is a cross-dock distribution center featuring a 32’ clear height, 50’ X 52’ column spacing, dock high loading, and ESFR sprinkler systems. It has 130’ truck courts, oversized ramp doors, and ample trailer storage. Avera Construction completed Park 8 in April 2020.
Hercules, Inc. was represented by Jim Autenreith and J.W. “Jay” Wall III of Moody Rambin, while Jason Dillee and Nathan Wynne of CBRE represented Park 8.