SepraMet Ltd. holds a proprietary extraction process for recycling pure metal elements from discarded products like mined waste. A year has gone into the search for a Houston location, John Talhelm with the Houston office of Cushman & Wakefield of Texas Inc. tells GlobeSt.com. The decision went to a 10-acre property at 14820 Talcott St.

Talhelm says several options were reviewed, including a build-to-suit. The Talcott Street building's size, expansion capability and location in the heart of the region's petrochemical industry were the dealmakers, says Talhelm, who negotiated the lease along with C&W's Kevin A. Erck.

The Houston building owner, GSL Investments Inc., had David Toone with the locally based Pinpoint Commercial bargaining its terms for a building with a quoted rent of 26 cents per sf. Toone says the owner put about $100,000 into renovating the 1970-era building, bought last fall, before signing the deal with SepraMet. And, he confides, SepraMet's lease included a purchase option down the road.