12:35 PM
Newmark announces that Premier Trailer Leasing (Premier) has secured a lease for a 12-acre parcel at 5414 East Houston Street, marking the company’s entrance into the San Antonio market and its fourth Texas location. Premier - one of the largest trailer leasing and rental companies in the nation - specializes in long-term leasing and short-term rental services for over-the-road vans, flatbeds, refrigerated equipment and chassis with an inventory of 45,000+ assets.
“In addition to Premier’s established Dallas, Fort Worth and Houston facilities, our entrance into the San Antonio market allows us to provide equipment and transportation solutions in southern Texas,” said Jim Aubuchon, Premier’s president and CEO. “The San Antonio market, a connector to the U.S.-Mexico border, is an exceptional location for a new facility and Premier is dedicated to the market and surrounding communities.”
Newmark Associate Director Scott Lewis represented Premier in the lease from Hime Living Trust, represented by Turcotte Real Estate Services.
“Newmark conducted a market survey, which yielded more than 50 site options. We then worked with Premier to identify three viable options and, ultimately, selected a readily available site, which was configured almost exactly as needed,” said Lewis. “I was thrilled to help support Premier’s strategic move, which will allow the company to capitalize on San Antonio’s remarkable growth.”
The San Antonio market is well poised for growth and development, particularly when it comes to land. The San Antonio Economic Development Foundation (SAEDF) counts its abundance of land as one of its main recruiting tools for developers and companies looking to relocate or expand. (1) Interest in San Antonio is growing, as evidenced by projects such as a $400 million Aisin AW auto parts manufacturing facility and a planned truck assembly plant for Navistar. Premier Trailer Leasing’s entry in to the San Antonio market early in the expansion cycle will allow the company to take full advantage of business opportunities that arise in the coming years.
(1) San Antonio Business Journal, “SA’s new economic recruiting message: We’ve got the land.”, October 2019
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 18,000 professionals operate from approximately 480 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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