Henry S. Miller’s Bill Bledsoe and Transwestern Negotiate 20-Year Lease in Houston: Tenant Plans to Convert Existing Building into Volvo Dealership
(Houston, TX) Bill Bledsoe, Senior Vice President in the Land and Investments Division at Henry S. Miller Brokerage, and Transwestern’s Executive Managing Director Jeff Peden and Senior Director Scott Miller, negotiated a 20-year, 31,845-square foot lease for the property at 7620 Washington Avenue in Houston. The team provided tenant representation services on behalf of Grubbs Automotive. Grubbs plans to convert the existing 12,595 square-foot showroom and 19,250 square-foot warehouse building into a new Volvo automotive dealership.
“In a very tight market, we were able to identify what we know will be an excellent location for the new Grubbs Volvo in Houston,” said Bill Bledsoe. “Many thanks to Jeff Peden and Larry Levine, CEO of Levcor, property owner and landlord, who were both extremely helpful.”
The property, previously known as Western Brick & Stone, was built in 2008 with concrete deck construction and a full sprinkler system. It is also located in Houston’s quickly transforming Design District, one block from I-10, offering great accessibility and visibility from I-10 and Washington Ave. This location was appealing to the tenant due to the proximity of dealerships along Old Katy Road and to Memorial Park, immediately south of I-10.
John Hoag represented the landlord, Levcor, in this transaction.
About Bill Bledsoe
Bill Bledsoe, Senior Vice President in the Land and Investments Division at Henry S. Miller Brokerage in Dallas, advises clients in the acquisition and disposition of urban land, with a special focus on investment and income producing properties. He is also an automotive properties specialist. Previously an owner and manager of automobile dealerships in Dallas-Fort Worth, Bill is knowledgeable in dealership facilities redevelopment, leasing and business expansion, which includes site selection and the disposition of related property. Bill began working at the Henry S. Miller Company in 2011 and was named #1 Top Producer for 2016.