Regions Southwest | Houston
Aug 15, 2008
Two years after developing its 286,000-square-foot Houston headquarters and distribution center, Glazier Foods Co. Inc. has sold the Class A property in a triple-net sale-leaseback transaction with GSL Welcome Group L.L.C. Located at 11303 Antoine Dr., Glazier's home occupies 33 acres just off the North Sam Houston Parkway. The deal, which Houston-based GSL made through its GSL Fund 21 GF Sub E L.L.C., encompasses a $14 million expansion project that will leave the food service distributor with an additional 160,000 square feet of freezer and dry storage space. GE Capital supplied GSL with financing for both the acquisition and the expansion endeavor. Yancey-Hausman Commercial Real Estate Services marketed the property on behalf of Glazier and attracted the attention of a bevy of industrial REITs that submitted bids for the headquarters campus.
Two years after developing its 286,000-square-foot Houston headquarters and distribution center, Glazier Foods Co. Inc. has sold the Class A property in a triple-net sale-leaseback transaction with GSL Welcome Group L.L.C. Located at 11303 Antoine Dr., Glazier's home occupies 33 acres just off the North Sam Houston Parkway. The deal, which Houston-based GSL made through its GSL Fund 21 GF Sub E L.L.C., encompasses a $14 million expansion project that will leave the food service distributor with an additional 160,000 square feet of freezer and dry storage space. GE Capital supplied GSL with financing for both the acquisition and the expansion endeavor. Yancey-Hausman Commercial Real Estate Services marketed the property on behalf of Glazier and attracted the attention of a bevy of industrial REITs that submitted bids for the headquarters campus.
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