08/27/07

Raising the Roof around Houston

by debromiami

GSL Investments, Inc. is raising the roof around Houston. At the present time it is adding 1 million cubic feet of volume to a structure at 5800 Clinton Drive. The company is transforming seemingly obsolete low-clearance industrial buildings into marketable, high-cube facilities. So far, GSL Investments has ?raised-the-roof? on four projects since developing this technology in 2005.

The Clinton Drive property is a 133,310 square foot former Ford parts distribution warehouse. The building?s 13? maximum clearance has been increased to 29? at the roof?s peak. GSL Investments is currently in negotiations with prospective tenants.

In addition, GSL Investments has begun raising the roof at 2200 Lauder Road, a 100,000 square foot warehouse formerly used as a door manufacturing facility. It is now going to have a maximum clearance of 31? with a 21? hook height in the two crane-ready center bays.

The largest roof raising project completed to date is the former National Oilwell Varco manufacturing facility located at 12800 Aldine Westfield Road. GSL Investments acquired the 150,000 square foot building with a total of 28 acres of land. It subdivided the large tract and sold several smaller tracts for retail development. After raising the roof, GSL Investments leased the new high clearance facility, complete with all bays converted to crane-ready status to Ivy Steel and Wire.

Project manager for the current development projects is David R. Ebro, Levey?s grandson. He worked as property manager for GSL Industrial Management, L.P. before becoming vice president of GSL Investments, Inc.

Ebro attended Florida International University, where he received his Master?s degree in Economics. ?Occupants are now concerned with a buildings volume, not just surface area,? Ebro said. ?Rather than tear?em down ? we lift?em up.?

For additional information contact:

David Ebro at 713-772-1393