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Two-Acre Buy Will Fuel B-T-S

HOUSTON-GSL Investments lines up the land for a build-to-suit for PV Fluids. With the latest deal, the owner of 100-acre Aberdeen Business Park reaches the two-thirds mark of sold acreage, where the going rate is $1.75 per sf to $2.50 per sf.

By Jennifer Brenner Andrade | Updated on December 11, 2003

HOUSTON-GSL Investments Inc., a Houston-based developer specializing in build-to-suits, has acquired 2.4 acres in the Aberdeen Business Park in Houston’s far northwest submarket.

The developer is planning a build-to-suit for PV Fluids on a tract near the intersection of Telge Road and US Highway 290, where the going rate for acreage is $1.75 per sf to $2.50 per sf. GSL Investments used in-house broker Ryan Wasaff to negotiate the transaction with Cushman & Wakefield of Texas Inc.’s John Talhelm and Kevin A. Erck, who are marketing the park for the San Antonio owner.

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