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HOUSTON-A subsidiary of Georgia Gulf Corp. has entered the market through a 141,533-sf sublease in the 1.5-million-sf Railwood Industrial Park. Georgia Gulf Chemical & Vinyls LLC has signed a medium-term lease for the warehouse, which will be used for product and package distribution.

Tenant representative Robert Stillwell, vice president in Grubb & Ellis Co.’s Houston office, says the search targeted the city’s eastern submarkets. He says representatives from Atlanta-based Georgia Gulf Chemical settled on the single-tenant building at 933 Spikewood Dr., owned by Houston-based Weingarten Realty Investors, because it offered large, contiguous, rail-served space. “This also had additional ‘trackage’ that could be used beyond what came with the building,” Stillwell adds.

Stillwell tells GlobeSt.com that Georgia Gulf Chemical has started to move into the 1980s-era building, taking the space in as-is condition. The plan is to be up and running in a few weeks. According to first quarter industrial statistics, Grubb & Ellis researchers found that similar space averaged $4.17 per sf, triple net in the northeast far submarket.

The building’s former tenant, Bison Building Materials Ltd., moved to 274,291 sf at 7611 Railhead Lane, about 22 miles northwest of Railwood Industrial Park. The company relocated to a larger space to consolidate operations. Sources say Bison Building is paying about $3.96 per sf, triple net.

Bison’s broker was Frank Onorato, vice president with Grubb & Ellis’ local office. National Realty Group Inc. of Houston, the building owner, was represented by in-house broker Steven Adkisson.

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