Avison Young leases 16,603 NRSF at 24285 Katy Freeway

Wednesday, August 19, 2020

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Avison Young today announced the successful lease negotiation of 16,603 NRSF Class A office space in the newly developed Katy Ranch Office Phase 2, located at 24285 Katy Freeway, in Katy, TX to Hoover Material Handling Group, Inc (‘Hoover Ferguson’). Principals Sam Hansen and Doug Pack represented the landlord, Katy Ranch Offices, LP and Management, Freeway Properties on this transaction.

“Sam and the Avison Young team have been a pleasure to work with throughout the process of identifying our new office space,” said Matt Schmidt, Chief Human Resources Officer, Hoover Ferguson. “In these unprecedented times, they have provided great flexibility and transparency that allowed us to upgrade our corporate headquarters and accomplish all of our objectives in relocating to a more professional space at Katy Ranch Phase 2.”

Hoover Ferguson will be relocating their corporate headquarters to 24285 Katy Freeway from their current location at 2135 Highway 6 S, Houston, TX 77077. Approximately 60 employees will be moving to the new corporate headquarters in December 2020.

“We think Hoover will make a great addition to our mixed-use development,” said Mike Baker, President, Freeway Properties. “Our adjoining retail tenants, which offer a wide variety of restaurants, shopping experiences and entertainment venues all welcome Hoover.”

The construction of Katy Ranch Office Phase 2, sister building to 24275 Katy Freeway, was completed in July 2020. The building features corporate training/classroom facilities, multiple meeting/conference rooms, catering areas for convenience plus an amazing sky-bridge connection to the expanded parking garage. Partnership. Performance Page 2 of 2

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, with legacies dating back more than 200 years, the company comprises approximately 5,000 real estate professionals in 120 offices in 20 countries. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multi-family and hospitality sectors. Avison Young is a 2019 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for eight consecutive years.

www.avisonyoung.com

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