"Shaw Industries wanted to make some changes to their space--to add more office space--and they wanted to make sure that they would be in the building for the long term," Doug Nicholson, an SVP with Grubb & Ellis Co., tells GlobeSt.com. He represented the Dalton, GA-based flooring distributor in the transaction for 7425 Pinemont Dr. while Marc Drumwright, principal of Southwest Realty Advisors of Houston negotiated the deal for the local building owner, Pinchal Family LP.
According to Drumwright, Shaw Industries was one of the first tenants in the 110,000-sf, multi-tenant industrial building. Built in 2001, the building is 100% leased to just five tenants.
The two largest tenants are Morristown, NJ-based Honeywell International Inc. with 40,000 sf and San Antonio-based Dayhill Industries with 20,000 sf. The northwest Houston building has a quoted rate of $6 per sf.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
