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Tenant Signs Largest Lease in Crane-Served Sector

HOUSTON—A new lease has been signed by Allied Stone at a 100,000-square-foot crane-served manufacturing facility on 14.7 acres, located at 2200 Lauder Rd.

By Lisa Brown | lisabrown | | Updated on April 13, 2016
Houston Lease The crane-served building lease is the largest year to date.
HOUSTON—A new lease has been signed by Allied Stone at a 100,000-square-foot crane-served manufacturing facility on 14.7 acres, located at 2200 Lauder Rd . The transaction is believed to be one of the largest to date in 2016 for the crane-served building sector of the industrial market, which has been reeling in recent months due to a severe slump in the oil and gas market. The landlord is GSL Capital Management LLC , a subsidiary of Levey Group . Levey Group is a family-owned industrial real estate development company. Continuing the vision set forth by the company’s founder, Gustave S. Levey. Levey Group specializes in offering office-warehouse facilities for sale or lease. Levey’s clients include companies needing manufacturing, laboratory, warehouse and distribution space in Houston and the surrounding areas. David Ebro , president of Leavey Group, tells GlobeSt.com: “More and more users outside of oil and gas service companies have begun occupying what were formerly oil and gas related manufacturing facilities. Levey is excited to welcome Allied Stone as a tenant, and we appreciate the diversification that their line of business brings to our tenant base.” Clay Pritchett, SIOR of NAI Partners represented the landlord, GSL Capital Management. Carlton Anderson of CBRE represented Allied Stone.  

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