(Read more on the industrial market.)
HOUSTON-A&B Valve and Piping Systems LP has shifted its headquarters and manufacturing from Lafayette, LA to a just-completed industrial complex in the northwest submarket. The five-year lease for 44,550 sf opens the door for a phased move-in over a six-month period.
Tenant representative Graham Horton, an associate with Cushman & Wakefield of Texas Inc., tells GlobeSt.com that A&B looked at eight to 10 spaces in a three-to-four month period, settling early in the process on one of five buildings in the 282,025-sf Beltway Northwest Business Park. He says the quality of the building, developed by Transwestern and owned by SHT/Champions Green Ltd. of Houston, impressed the tenant as did the location at 4100-4500 N. Sam Houston Pkwy. West.
"It was a quick and swift transaction, we got through the terms and conditions and business points with few problems," Horton says. The lease went into effect May 1.
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