HOUSTON-Emser Tile and Stone has more than doubled its presence in the metro, signing a three-year lease for an additional 187,688 sf at a Port of Houston warehouse in the northwest sector. The deal boosts the San Monica, CA-based firm’s total to 299,688 sf.

“This is organic growth. They’re doing more volume and it’s driven by the homebuilding,” Mike Novelli, a principal at Cypressbrook Co. in the Woodlands, tells GlobeSt.com about the expansion for 9835 Genard Rd. in the Fairbanks Industrial Park. “They probably are taking a bit more than they need right now, but they expect they’ll grow into it,” he says.

Emser, now moving into the expansion space, is the lead tenant for the 471,370-sf building, taking over two of three bays in the 1980s-era product. With Emser’s expansion, the building, vacated by Republic Beverage, is fully occupied. The structure’s quoted rent was about $3.80 per sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.