HOUSTON — Lee & Associates has negotiated the sale of a 24,825-square-foot industrial property in northwest Houston. The two-building complex at 2216 Pech Road was constructed in 1980 and includes 4,600 square feet of office space. Richard Glass and Conrad Chambers of Lee & Associates represented the seller, All-Tex Erection Systems Inc., in the transaction. The buyer was Russell and Sons Holding Co.
FRISCO, TEXAS — Base Power Inc. has signed a 32,375-square-foot industrial lease in Frisco. The provider of home batteries is taking space within Building 3 at Frisco Trade Center. Brett Lewis, Taylor Stell and George Tanghongs of Lee & Associates represented the locally based landlord, Dalfen Industrial, in the lease negotiations. The tenant representative was not disclosed.
DALLAS — Lee & Associates has brokered the sale of a 25,000-square-foot industrial flex building in northeast Dallas. The building at 10999 Petal St. was originally constructed in 1985 and features 24-foot clear heights. Taylor Stell and Brett Lewis of Lee & Associates represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
DALLAS — Lee & Associates has negotiated a 26,600-square-foot industrial lease in northwest Dallas. According to LoopNet Inc., the building at 616-626 W. Mockingbird Lane was completed in 1978 and totals 46,400 square feet. Stephen Williamson of Lee & Associates represented the landlord, Brookfield Asset Management, in the lease negotiations. Nick Melbye of NAI Robert Lynn represented the tenant, an entity doing business as Render Collective LLC.
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Lee & Associates’ Q2 Report: Office, Retail Markets Gain Momentum as Industrial, Multifamily Face Headwinds
The Lee & Associates’ 2026 Q2 North America Market Report finds that commercial real estate fundamentals are improving, but the pace of recovery varies significantly by property type and market. Office and retail sectors are showing renewed momentum, industrial demand continues to recover unevenly amid trade uncertainty and multifamily fundamentals are stabilizing as new supply begins to moderate. Across all sectors, investors and occupiers remain highly selective in an evolving market. Sponsored: Download Lee & Associates’ 2026 Q2 North America Market Report. Industrial Overview: Recovering Demand Is Uneven Amid Trade Tensions Demand for North American industrial space in the second quarter continued to recover from slowing caused by heightened trade uncertainties that began early last year. Modest tenant expansion in the United States remains well off pre-COVID average growth. In the United States, 44.4 million square feet of net absorption in the second quarter brought the mid-year total to 77.1 million square feet, about 30 percent less than the pre-pandemic five-year average. First-half deliveries fell to 93 million square feet, which included 44.4 million square feet in the first quarter — the least in seven years. Although supply additions have moderated, the pullback in tenant demand over the past three years …
GRAND PRAIRIE, TEXAS — Lee & Associates has negotiated a 56,780-square-foot industrial lease in Grand Prairie, located roughly midway between Dallas and Fort Worth. The tenant was not disclosed. According to LoopNet Inc., the building at 2401 W. Marshall Drive was completed in 1966 and totals 320,366 square feet. Mark Graybill, R.J. Flores and Reed Parker of Lee & Associates represented the landlord, which also requested anonymity, in the lease negotiations.
CARROLLTON, TEXAS — Modern Home Concepts, a provider of residential flooring products, has signed a 57,361-square-foot industrial lease in the northern Dallas metro of Carrollton. The space is located within Valwood Business Park and includes dedicated truck parking and potential outdoor storage space. Corbin Blount and Adam Graham of Lee & Associates represented the landlord, Link Industrial Properties, in the lease negotiations. Christian Moore of Mercer Co. represented the tenant.
ELK GROVE VILLAGE, ILL. — Lee & Associates of Illinois has arranged the $5.2 million sale of a 39,879-square-foot industrial building located at 1951 Lively Blvd. in Elk Grove Village. Dustin Albers of Lee & Associates represented the buyer, Sonica International Inc., a global logistics company. John D’Orazio, Jonathan Kohn and Tommy Karnig of Colliers represented the seller, FD Venture Co. LLC.
SOUTHLAKE, TEXAS — Lee & Associates has negotiated a 94,993-square-foot industrial lease in Southlake, located in the northern-central part of the metroplex. The tenant is Genuine Cable Group, and the space is located within Building 1 of Heritage Business Park. Adam Graham and Stephen Williamson of Lee & Associates represented the landlord, Prologis, in the lease negotiations. Jake Griffin of Cushman & Wakefield represented the tenant.
LANSING, ILL. — Lee & Associates of Illinois has brokered the sale of a 455,858-square-foot warehouse located at 16801 Exchange Ave. in Lansing, a south suburb of Chicago. Walter Murphy of Lee & Associates represented the buyer, RBT Industries (The Great Escape), a retailer of home leisure products. RBT will occupy 313,982 square feet of the building while the remainder will be leased to LKQ Corp. Stephanie Park, Colin Green and Traci Payette of CBRE represented the seller, Plymouth Industrial REIT Inc.
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