NAI Partners arranges one of the top ten largest industrial transactions of 2017
Houston, TX, July 17, 2017 – NAI Partners recently represented BASINTEK, LLC in a 200,000-sq.-ft. industrial renewal and expansion at 713 Northpark Central Drive in Houston, Texas. The transaction is the 6th-largest by sq. ft. in the Houston industrial market year to date, according to available data. Nick Peterson and John Ferruzzo of NAI Partners represented the tenant during the negotiations.
“We’re honored to represent BASINTEK in its recent renewal and expansion in the North Houston industrial submarket,” said Mr. Peterson. “Arranging a lease of this magnitude for a drilling company in expansion mode is a breath of fresh air for Houston and a testament to the city’s slowly recovering oil and gas industry.”
“With help from NAI Partners, BASINTEK is pleased to announce an extension of our current lease which includes additional space,” said Dan O’Sullivan, President of BASINTEK. “Our partnership with Prologis further enhances BASINTEK’s ability to safely provide product to our customers.”
BASINTEK forward thinking engineers and technicians use years of expertise to research, develop and field test their entire line of mud motor drilling power sections to ensure they deliver the ideal power section solution for today’s drilling needs. With a broad range of power sections offering unrivaled performance, outstanding innovation and service delivery, BASINTEK brings the forefront of power section technology to the oil and gas drilling industry.
For additional information, please contact Nick Peterson at 713.629.0500.