Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-An Erie, PA-based plastics distributor has tapped 16,200 sf at Legacy Center to get its first location in the city. The firm, planning an immediate move-in, signed a seven-year lease.

Alliance Plastics, a subsidiary of United Kingdom-based Bunzl plc, is taking over warehouse space at 8872 Fallbrook Dr., owned by Liberty Property Trust of Philadelphia. The 85,000-sf building is now 68% leased. Siemens Corp., which moved into 45,000 sf last month, has first right of refusal on the remaining 27,000 sf through the end of July.

“For Alliance Plastics, location was a big driver,” Andrew Mele, a vice president with Liberty Property Trust, tells GlobeSt.com. “They wanted to be in northwest Houston along the Beltway.” Mele represented the REIT in the lease transaction while Mike Taetz and Saul Keenan with Colliers International’s Houston office were the tenant’s reps.

The Fallbrook building, visible from Beltway 8, has a quoted rate of $3.32 per sf. “We got very close to the asking rate,” Mele says.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.