Garden Ridge Seals 15-Year Deal for 134,465-SF Former Great Indoors

HOUSTON-A 134,465-sf build-to-suit for Sears’ Great Indoors will emerge from a yearlong marketing as a Garden Ridge Pottery location. The locally based hobby and arts and crafts retailer has signed a 15-year lease for the Willowbrook site in the northwest submarket.

Situated on 10.8 acres at 12606 Gessner Rd., the former Great Indoors has been on the market since 2003 for $8 million. “Garden Ridge said they’d be happy to lease so we went down that path,” says H. Dean Lane, partner with NewQuest Properties in Houston, who represented the building’s owner, Chicago-based Sears Roebuck & Co. “The building didn’t generate a whole lot of activity as a sale.” The lease consideration wasn’t readily available, but the asking rate for long-term leases in the area can range from $19 per sf to $23 per sf.