Bill Ginder of Caldwell Real Estate Group had represented the specialty steel maker in the negotiations. Ginder tells GlobeSt.com that CD Steel is a startup in the Houston market. The warehouse is a metal, third-generation structure with minimal office space. It is located in a park with several 10,000-sf buildings. Buildings contain only one and two tenants.

The lease on this deal had to be completed quickly, says Ginder, because an earlier lease had fallen through and put CD Steel in jeopardy of missing its planned opening. But landlords Glauser/Holmes, says Ginder, hand delivered the paperwork necessary to complete the lease for the move-in to take place on time. And, he says, it's a better facility because it had the right electrical wiring for the company.

Ginder works as a broker with Caldwell Watson specializing in the Greenspoint-Airport submarket. Ginder says that the submarket is seeing a tremendous amount of construction due to a severe shortage in industrial product. "It is easy to find 10,000 to 20,000 sf," he says, "but you would be hard-pressed to find more than 30,000 sf." Ginder says the submarket primarily consists of tilt-wall warehouses. Some are cross-dock, but most are rear load.