Category: News and Events

GSL Welcome is developing three facilities in Bayport North Industrial Park in Pasadena. The projects will be built by the firm’s KDW design/build affiliate

Glazier Foods Co. has sold its 286,000-square-foot headquarters and distribution facility to GSL Welcome Group and will lease back the property. Situated on 33 acres at 11303 Antoine Drive near the North Sam Houston Parkway, the property was purchased by GSL Fund 21 GF Sub E.

GSL will expand the facility by 160,000 square feet in the freezer/dry storage areas. GE Capital provided financing for the acquisition and funding for the $14 million expansion. Construction is expected to be completed within 12 months.

Glazier Foods Co. has sold its 286,000-square-foot, Northwest Houston headquarters and distribution facility to GSL Welcome Group LLC.

Glazier, a Houston-based food service distributor, will continue to lease the 33-acre facility from GSL and will be responsible for improvement and maintenance of the facility.

GSL Welcome has completed a build-to-suit development of a 67,000- square-foot office/industrial facility at 4242 W. Greens Road for Tadano America Corp.’s U.S. headquarters. The Japanese firm has leased the facility for the sale of new construction mobile cranes in North America. The project marks the first build-to-suit development to be completed in GSL Welcome’s 33-acre West Greens Business Park near Antoine and Sam Houston Parkway. Ryan Wasaff and Brad Berry represented GSL Welcome.

Single-tenant industrial leaseholders can avoid some of the problems associated with their leases by following several pieces of advice as explained by GSL Welcome Group principals Welcome Wilson, Jr. and Craig Wilson.

OFFICE/WAREHOUSE: GEM Mobile Treatment Services has leased a 20,728-square-foot building at 1434 Sens Road from GSL Industrial Partners Sub Two. Lane Guinn of JLM Commercial Advisors represented the tenant. Ryan Wasaff of GSL Welcome Group represented the landlord.