The Hewlett-Packard vendor is relocating and expanding from 50,000 sf at 10515 Okanella St., says Brad Marnitz, an industrial broker with NAI Houston who represented Foxconn. Andrew Mele of locally based Liberty Property Trust negotiated terms for the building owner, Liberty Property Partnership.

Marnitz, who's mum about the lease length and other terms, tells GlobeSt.com that Foxconn, which first established a presence in Houston in 1999, evaluated three other facilities before choosing the Little York Road facility. "The facility had to be close to the northwest corridor because of their work with HP," he says.

Foxconn Assembly will have about 150 people working in the 150,000-sf building, which is now 100% leased, according to Marnitz. The building, built in the late 1990s, is fully air-conditioned and boasts an 8,000-amp power source, key to the final decision because "Foxconn needs heavy power," he says. Similar flex industrial space leases for $4.80 per sf to $6 per sf.