X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Worldwide Stones Inc. has leased a 7,460-sf building at 9836 Clay Road in northwest Houston.

The Houston-based firm cuts, creates and sells marble and granite countertops. Aaron Schlameus with the Houston office of Grubb & Ellis Inc. represented the company in the lease negotiations. Schlameus tells GlobeSt.com that his client has moved into a medium-term lease at the building.

The company moved from a smaller leased space in the same northwest Houston submarket. Schlameus says the move was prompted by a need to expand. The company has added over 2,000 sf. Additionally, he notes, the firm wanted the outside storage space and frontage along busy Clay Road this building provides.

While the terms of the lease were not disclosed, the lease was secured for close to the average asking rent for the area of 34 cents per sf gross. The third generation industrial building is owned by MMA Interests, who also owns another small industrial building next door.

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 Fall 2021Event

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

Get More Information
 

GlobeSt

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.