Fluid Sealing Products Inc. took 8980 Scranton St., adjacent to its 20,000-sf distribution point and headquarters office. The Houston-based company signed a five-year lease for a building situated in a heavy industrial sector of town, says Mark Lehman with the Houston office of Grubb & Ellis Co.
Lehman, the deal's sole broker, tells GlobeSt.com that the building was empty about three months and on the market "for lease" at 35 cents per sf or "for sale" at $475,000.
The building owner, Popular Cash Express in Glendale, CA, has pulled the asset from the market now that it has a tenant, Lehman says. The 19-year-old structure sits on a 35,400-sf tract.
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