Conn's had been the sole tenant in the warehouse at Interstate 10 and Loop 610 E. Kelly Landwermeyer of Weingarten Realty Investors tells GlobeSt.com that two tenants have been signed in a new strategy that has made the property readily appealing. He says that the divvying of the industrial space definitely has been the way to go. The property is located in the far southeast submarket, where space is commanding rates from 35 cents per sf to 38 cents per sf for this type of distribution warehouse.

Sam Hue Plastic first came on board, taking 42,808 sf. Caleb Lawson of Caldwell Watson Real Estate Group in Houston has represented Sam Hue Plastic. Next to sign up had been Mineral Products and Technology, signing for 40,108 sf. James Bretting of Weingarten Realty has the building owner, American National Insurance Co., in the deals.

The publicly traded insurance company had earned more than $245,974 in third quarter 200 in its real estate investments nationwide and had reported $38 million in third quarter revenues. American National's headquarters is located just 48 miles from the 2005 Turning Basin Dr. holding. Houston-based Weingarten, who has worked with American National Insurance on other properties, owns and manages 3.4 million sf of industrial property in the Houston area.