CBRE negotiated a 31,260-square-foot lease at Stiles Lane Business Park in Sugarland, Texas, to Ferguson, the largest value-added distributor serving the specialized residential and non-residential professional in the North American construction market.
Jason Dillee and Nick Bergmann with CBRE represented Ferguson in the transaction. The landlord, Pearl River, was represented by CBRE’s Cape Bell and Greg Holmes.
Ferguson, headquartered in Virgina, plans to occupy more than half of building one in Stiles Lan Business Park located at 13027 Stiles Lane. This is the 15th location in the Houston area for the company. Ferguson has a total of more than 1.4 million sq. ft. of real estate in the Houston metro, with demand for more. The new facility will primarily support multi-trade HVAC and plumbing professionals, offering added convenience with a dedicated pickup counter designed to streamline the supply experience.
Stiles Lane Business Park is a new class A industrial development featuring two buildings totaling 65,827 sq. ft. The building features 24 dock-high doors, 2 drive-in ramps, 55 car parking spots and 28 floor clear heights. The site has access to Highway 90 and Highway 59 as well as retail and food options.
