Tenant representative Robert Stillwell, vice president in Grubb& Ellis Co.'s Houston office, says the search targeted thecity's eastern submarkets. He says representatives fromAtlanta-based Georgia Gulf Chemical settled on the single-tenantbuilding at 933 Spikewood Dr., owned by Houston-based WeingartenRealty Investors, because it offered large, contiguous, rail-servedspace. "This also had additional 'trackage' that could be usedbeyond what came with the building," Stillwell adds.

Stillwell tells GlobeSt.com that Georgia Gulf Chemical hasstarted to move into the 1980s-era building, taking the space inas-is condition. The plan is to be up and running in a few weeks.According to first quarter industrial statistics, Grubb & Ellisresearchers found that similar space averaged $4.17 per sf, triplenet in the northeast far submarket.

The building's former tenant, Bison Building Materials Ltd.,moved to 274,291 sf at 7611 Railhead Lane, about 22 miles northwestof Railwood Industrial Park. The company relocated to a largerspace to consolidate operations. Sources say Bison Building ispaying about $3.96 per sf, triple net.