Representing Principal in the negotiations, Walter H. Menuet Jr. with the Vantage Cos. Houston division, tells GlobeSt.com that the oilfield services firm, a division of the St. Louis-based Nooter Corp., has been subleasing the distribution space at 10810 W. Little York Rd. for two years from electrical manufacturer Ansalso Ross Hill. The firm's five-year lease recently expired, Menuet says. The sweet spot of the deal is that the 126,000-sf building remains filled. Michael Palmer and Ron McWherter in the Houston office of CB Richard Ellis Inc. represented the tenant.
Northwest Point Distribution Center is a three-building project with about 400,000 sf. The quoted rate is 35 cents per sf.
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