Glazier Foods Sells Heaquarters Jun 26, 2008 - The Houston Business Journal
Glazier Foods Co. has sold its 286,000-square-foot, Northwest Houston headquarters and distribution facility to GSL Welcome Group LLC.
Financial terms of the deal were not disclosed.
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.
Houston-based GSL, a real estate development company, will fund a $14 million expansion to the property in addition to the purchase price of the building. The 160,000-square-foot expansion increases the facility's freezer and dry storage areas.
Design for the addition is under way and construction is expected to be completed within 12 months.
The broker for the deal was Yancey-Hausman Commercial Real Estate Services. Fro more information see: www.houstonrealtyadvisors.net or www.houstonrealtyadvisors.com or www.edayres.com
Ed A. Ayres
Houston Realty Advisors, Inc.
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