NL Ventures IV, sponsored by AIC Ventures, purchased the facility. RTRON has entered into a 15-year-lease at the property.

Greg Cizik of Colliers International's Houston office and Bret Hardy of Colliers International's Los Angeles office represented the seller. Meredith Hardy of AIC Ventures represented the buyer.

Cizik tells GlobeSt.com RTRON is in a high growth mode where the rate on return for cash in the business is much higher than real estate returns.

RTRON had many custom requirements for their headquarters, Cizik says, and the company wanted to build their own facility. But after building was complete, RTRON decided to put the cash back into the business. The agreement requires RTRON to handle all facilities management and other property maintenance.

RTRON specializes in cable assemblies and electro-mechanical assemblies. According to RTRON, the firm's outlook for the foreseeable future is very strong as the company has exceeded all prior records in sales and backlog.

Cizik says the company located the headquarters in Midway Cos.' Freeport Southwest Business Park because of the Freeport exemptions, which save the company of money on inventory taxes. The $10-million facility was designed by Powers Brown Architecture.