HOUSTON, TX (December 6, 2024) — Titan Commercial proudly announces the successful sale of a 63,000-square-foot premier industrial property located at 15211 Woodham Drive, Houston, Texas. Jack Gowan and Peyton Easley, SIOR, CCIM of Titan Commercial represented PTR Holland Group in their acquisition of their first owned operational facility in the United States. The Seller, CJC Investments, LP, was represented by Olesya Korneva, MBA, CCIM with Lumicre.
PTR Holland Group, headquartered in Rotterdam, Netherlands, operates a global network of facilities including locations in Singapore, United Kingdom, Qingdao China, and Piraeus Greece. This strategic acquisition marks a significant milestone in their U.S. expansion, transitioning from leasing 18,400 square feet to owning a 63,000-square-foot facility—representing a 44,600-square-foot increase in their operational capacity.
The property, situated in Houston's highly competitive North submarket where purchase opportunities are limited, will enable PTR Holland to significantly expand their U.S. presence while realizing substantial cost savings through property ownership. This expansion strengthens their ability to serve their worldwide customer base and positions them for long-term success in the U.S. market.
"In this tight market, our team's creative approach and market knowledge enabled us to secure a property that enhances PTR Holland's U.S. presence," said Jack Gowan of Titan Commercial. "This strategic acquisition not only triples their footprint but also transitions them from tenant to owner, positioning them for long-term growth in the American market."
The transaction exemplifies Titan Commercial's commitment to understanding clients' comprehensive business needs and delivering solutions that extend beyond traditional real estate services. By focusing on both immediate space requirements and long-term business objectives, Titan's creative approach and tenacious advocacy helped PTR Holland Group achieve significant cost savings while securing a strategic asset in a challenging market. The investment in this new facility demonstrates PTR Holland Group's commitment to expanding their operational capacity while building equity through real estate ownership.