Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Dominion Steel Specialties Inc. has launched its business in a 22,500-sf industrial building at 5978 Armour Dr. in Houston.

Frank Onorato of Grubb & Ellis Co.’s Houston office negotiated the transaction on behalf of Dominion Steel and the building owner, Texas Development Co. The owner acquired the property in the mid-1980s.

Onorato tells GlobeSt.com that the entire building is situated on a 33,541-sf parcel, south of Interstate 10 and Lockwood Road. Dominion is using the “30-something” building for storage and distribution of imported wire binding for the shipping industry.

Onorato says the Armour Drive location simply was the right spot and right terms. “The economics of that deal worked in their favor,” he says, adding that as a new company Dominion Steel was particularly concerned with keeping costs down. Onorato, though, is quiet about the lease financials.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.