Delta Chemical Services will use the five-acre project at US Highway 225 and Battleground Road as a distribution point for products coming out of a 100,000-sf blending and processing plant at 334 Tidal Rd., positioned two miles away. Josh LaRocca with Blackstone Partners in Houston says Delta Chemical looked at several sites to lease, but the proximity and delivery time were the deal-makers.

"This facility is the perfect fit for our operations and the timing for its availability could not have been better," Henry Johnson, Delta Chemical's vice president, says in a press release.

The just-delivered project is owned by Clay Development & Construction Co. of Houston, with Vantage Cos.' Houston division as the lead investor and development partner. Stephen H. Jaggard, Vantage's president, tells GlobeSt.com that the shell was nearly done when talks began with Delta Chemical. The building, estimated to cost $3.5 million, broke ground a year ago as spec product. It was on the market for 34 cents per sf.