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HOUSTON-Cerda Corp. LLC of Houston, an arm of Cerda Industries Inc., has purchased a 28,500-sf building from local firm, Lambright Capital Ltd.

The asset was on the market for $1.05 million, but “we sold it well south of that,” says John Ferruzzo, principal with NAI Houston who, with Dan F. Boyles Jr., represented the seller of 9116 Lambright St. Stuart Rosen of Greater Houston Commercial Properties was on hand for Cerda, a metal fabrication company now operating at 7600 S. Santa Fe.

“Cerda was located in the Santa Fe Business Park and decided they wanted to take advantage of the interest rates and own the property,” Ferruzzo tells GlobeSt.com. “That, plus the property in question sits on five acres so has expansion capabilities. Cerda’s current facilities couldn’t accommodate their growth.” The new owner is making plans to immediately move into the building.

The property was excess real estate owned by EVSI Inc., a valve manufacturing company that had been sold to Puffer-Sweiven in nearby Stafford. “Puffer didn’t need the facility so it was considered excess property,” Ferruzzo says, adding the real estate trade was separate from the business sale.

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