Drill Bit Factory Finally Lands Tenant

HOUSTON-North American Terminal Co. has expanded into the market with the signing of a 13,949-sf warehouse lease deal at 1211 Hays St. Christopher S. Klein of the Houston office of Colliers International tells GlobeSt.com Golden, CO-based North American Terminal has signed a contract with a local trucking company to maintain their truck trailers.

The firm already has a presence in Dallas.

Klein represented both North American Terminal and the building owner, ZAP Enterprise LLC of Humble, TX in the deal. He says North American Terminal is leasing the entire freestanding building. The company moved into half of the space July 5, notes Klein, and completes the move today.

Klein says the building made perfect sense for North American Terminal because of its proximity to the firm’s new client.

The late 1970′s circa building was formerly a manufacturing facility for drill bits. Klein says it was on the market for sale for more than a year before North American signed a lease at the property. Klein says he was able to negotiate one of the “best rental rates in that area.” Klein did not, however, release the actual terms of the deal.