Bishop Lifting Products Inc. took over the industrial space with a medium-term lease for 1335 Boyles St. Jim Stark with the Houston office of CB Richard Ellis Inc. tells GlobeSt.com that Bishop Lifting needed immediate space for to expand the manufacturing operation and wanted it close to the main facility at 1410 Harris St. The industrial supplier found what it needed for interim growth about a half mile away in a 136,620-sf warehouse. The long-range plan is to buy a large building to consolidate the Houston location. Bishop Lifting also has a manufacturing location in Beaumont, about 100 miles east of Houston.
The expansion location is a crane-served building that's wired for heavy-duty electrical loads, features ideal for its product lines. The four-acre site is near Clinton Drive in the southeast quadrant of the 610 Loop. Mike Taetz in Colliers International's Houston office represented the building owner, GBDS Investments. The building's quoted rate is 30 cents per sf.
The 39-million-sf industrial submarket has one of the lowest vacancies in the city, 7.3% versus the citywide average of 8.5%. The inventory's average rent is 23 cents per sf, according to Grubb & Ellis Co.'s Houston office.
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