HOUSTON-Glazier Foods Co. has sold a 286,000-sf headquarters and distribution center, built three years ago, to GSL Industrial Partners LP in a triple-net sale-leaseback agreement. Sources say the deal topped $30 million, with another $14 million on tap for a 160,000-sf expansion.

Pat Pollan Sr., vice president for Houston-based Yancey-Hausman Commercial Real Estate Services, says Glazier opted to pursue a sale-leaseback for 11303 Antoine Dr. because it needed to expand. “Their growth has been phenomenal over the past three or four years and they have commitments that required more space,” the seller’s broker says. He adds that the food distribution company decided to put its resources into its core business rather than real estate, which is what prompted the sale.

Glazier Foods’ management has signed an 18-year lease with several renewal options at market rate. In the area, comparable industrial space is leasing for $5 per sf to $7 per sf.

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