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Logistics Firm Relocates Into 152,400 SF

HOUSTON-Cadeco Industries gets an option to take over the entire 250,000-sf warehouse as the impetus to sign a medium-term lease at 350-400 Portwall St., says the tenant's broker.

By Jennifer Brenner Andrade | Updated on November 25, 2003

HOUSTON-Cadeco Industries, a Houston-based logistics firm, has moved into a 152,400-sf industrial space at 350-400 Portwall St. on Houston’s east side.

The 250,000-sf warehouse is five years old and sits on 14.3 acres in an area that is heavily populated with industrial buildings. The tenant’s broker, Doug Nicholson with the Houston office of Grubb & Ellis Co., tells GlobeSt.com that an option for the balance of the building sparked the decision to sign a medium-term lease. Bill Rudolf and Gray Gilbert, both with CB Richard Ellis Inc. in Houston, represented the building owner, Packwell Inc.

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