Colliers Sells 48,000 Square Foot Industrial Facility in Northeast Houston

Colliers is pleased to announce the sale of a four building industrial facility, totaling 48,000 square feet, located at 2407 Wilson Road in Humble, Texas. The buyer, 2407 Wilson LLC, was represented by Patrick Swint of Knightsbridge Ventures. Tom Condon, Jr. of Colliers represented the seller, R.B. Machine Works, in the transaction.

The industrial facility is comprised of four buildings situated on ±3.26 acres. The property features utilities provided by the City of Humble, heavy power, natural gas service, and motorized gate fencing.

The property is located in Houston’s Northeast Hwy 90 industrial submarket. The submarket contains 24.3 million square feet of industrial space which is currently 91% occupied. There is over 753,000 square feet of industrial space currently under construction in the submarket.

About Colliers International Group Inc.

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.1 billion and more than $50 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.