Tuesday, April 28, 2009

Sandvik Inc. has leased new industrial space in northwest Houston that will allow the company to expand the local material technology tube products operation by 60 percent.
Sandvik leased an 80,000-square-foot building in Cole Creek Business Park where it will place the southeast regional sales office and warehouse for material technology tube products.

Blake Kendrick of Stream Realty Partners LP, the real estate broker who represented Sandvik in the transaction, says the new site will consolidate operations from two locations in the Houston area.
The new building will have 9,000 square feet of office space, whose employees are relocating from space at another Sandvik site in Stafford. The rest of the building will be warehouse space that will replace a warehouse Sandvik occupies at 5973 South Loop East.
“They turned the lights on this week,” said Kendrick, who works in Stream Realty’s Dallas office.
Cole Creek Business Park is a 90-acre project located at 8618 West Little York Road that has more than 1 million square feet of single-tenant and multitenant industrial buildings. Cole Creek, developed by a partnership of ING Clarion Partners and Trammell Crow Co., was represented in the lease deal by Faron Wiley of CB Richard Ellis Inc.
Sweden-based Sandvik is a high-tech engineering group operating in 130 countries with 50,000 employees. For more information see: www.houstonrealtyadvisors.com
Houston Business Journal - by Jennifer Dawson Reporter