Colliers is pleased to announce the sale of a 43,200 square foot industrial building situated on ±9.889 acres at 15431 Interstate 45 South in Conroe, Texas. The buyer, Spring Glass & Mirror Ltd., was represented by Wade Nelson of Nelson Properties. The Seller, JMBG, Ltd., was represented by Michelle Soderberg, Vice President of Colliers.
The single-tenant ±9.889 acre property sits just north of The Woodlands with great visibility and access to Interstate 45. The property will become the new headquarters for Spring Glass & Mirror.
Spring Glass & Mirror was founded in 1981 in a 600 square foot barn and was built on a commitment that each project would be accomplished with integrity. The legacy has now grown to over 31,00 square feet with a fleet of 20 trucks and 52 employees.
The property is located in the North Corridor’s The Woodlands/Conroe industrial submarket, which contains 27.2 million square feet of industrial inventory that is currently 96.4% occupied. The average asking market rental rate is $12.23 per square foot, and there is 2.0 million square feet of industrial space currently under construction in the submarket.
About Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
