From start to finish, the deal took about six months to complete. Rusty Tamlyn, a principal in Houston for Dallas-based Trammell Crow Co., tells GlobeSt.com at least 15 buyers threw their hats in the ring for the state-of-the-art, one-year-old building leased to Innova for 10 years.

The seller was the build-to-suit's developer, Midway Development Co. in Houston. The facility, which cost about $6 million to build, houses 200 office and production workers. Innova makes electronics for aerospace, medical, military, industrial and oilfield uses. Tamlyn says the industrial building, situated on 7.5 acres, is designed to be flexible for alternative uses should Innova decide to move or expand.

The building figures prominently along a seven-mile stretch of the Sam Houston Tollway between Tomball Parkway and Northwest Freeway. The area, which is only now beginning to take shape, has a series of newly constructed industrial buildings on the southwest side of the tollway while the north side holds middle-class and upscale residential development and scattered retail.