Molto Properties, a privately held, nationally recognized, industrial real estate firm, has signed a 252,203 square-foot lease with S.I. Warehousing Co., Inc. at its Monument Business Park development in Deer Park, Texas. S.I. Warehousing, a subsidiary of Slay Industries, provides customer focused distribution, packaging, transportation and warehousing services in the Houston area. The lease was executed prior to the completion of the Business Park and takes up 41% of the site’s available square footage.
Molto’s Monument Business Park project broke ground in Q4 2019 and recently delivered a 414,900 square foot cross-dock and a 194,610 square foot front load building at the end of October 2020. Each facility is designed to accommodate single or multiple tenants with best-in-class features including ample trailer parking, 32’ – 36’ clear heights, efficient circulation drives, LED lighting, ESFR sprinkler systems and abundant loading doors.
“We’re pleased to welcome S.I. Warehousing to our latest project in Deer Park,” said Chad Parrish, Vice President of Molto Properties. “Monument Business Park’s premiere location and accessibility to the Port will continue to attract a wide variety of users. Now that we’ve delivered the first phase of the project, we look forward to leasing the remaining 357,307 square feet in the coming months.”
David Munson of Boyd Commercial represented Molto Properties, while Kelley Parker, Coe Parker and John Littman with Cushman & Wakefield represented S.I. Warehousing Co. in the transaction.