Weston Grabs 102,940-SF Moll Plant, New Lease

NEW BRAUNFELS, TX-A Cleveland-based investment group has ended up with a 102,940-sf manufacturing building through an off-market transaction. Weston Inc. paid north of $3 million for the Moll building, a single-tenant asset.

Once the manufacturing site for Moll Industries Inc., the building at 710 FM 306 originally was available for lease by JJM Holdings of Northern California after Moll moved out about a year ago with five years remaining on its lease. At the time, the rent was being quoted at $4 per sf annually, triple net, for the 1980s-era factory.

“We put in EH Systems as a sublease to Moll during the due diligence process,” says Rob Namy, regional vice president of acquisitions for the buyer. Namy says EH Systems has taken the space for remainder of the lease term and included two five-year renewal options. EH Systems manufactures and distributes structural insulated panels for single-family homebuilders.