Michael J. Taetz of the Houston office of Colliers International represented the buyers of record, Bambiferro Ltd. John Talhelm of the Houston office of Cushman and Wakefield of Texas Inc. negotiated for the seller, Moore North America Inc.

Taetz says Indital is relocating from about 37,000 sf at two leased sites in Pine Forest. He says the early 1980s-era, tilt-wall construction building works well for the company because it offers 28-foot clear heights. The six-acre tract also gives Indital room for outside storage, truck parking and room to expand the existing structure when it's time.

Taetz would not disclose the selling price, but the seller started out asking $1.4 million. Taetz says the seller, Moore North America, had occupied the building. Moore produces a variety of business communication tools such as business forms, print management and label systems.

Taetz tells GlobeSt.com that the sale is a good example of the pent-up demand from companies needing to expand their businesses. Concurring with other brokers' whispers this quarter, Taetz says business is humming along, picking up from a slow 2001 fourth quarter. He believes the Houston economy will have a good year in 2002 and cites cheap borrowing money, abundant labor of all types, cheap land and good weather as reasons that investors and corporations will look to Houston to buy this year.