"Their current building is old, and Standard Registerneeded moreefficient space," says Walker Barnett, abroker with ColliersInternational's Houston office,who represented Standard Register."The space in AlamoCrossing is new and offers a better layout."AlamoCrossing's owner, Los Angeles-based CBRE Investors,wasrepresented by David Hudson, director ofindustrial brokerage forTrammell Crow Co.'s Houstonoffice, and Corey Driskill.
Hudson tells GlobeSt.com that the Standard Registerlease bringsthe 123,800-sf building to 77% occupancy.Whirlpool Corp. hasoccupied 35% of the building sinceit was completed in early 2002.The space leases for$5.40 per sf per year, he says.
Alamo Crossing is comprised of four buildings situatedon 51.9acres in close proximity to I-10 andUS 290. "It's a nice centrallocation forStandard Register's employees and customers,"Hudsonsays.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.