Binswanger Successfully Disposes of Albis Plastics' Rosenberg, Texas Facility.

DALLAS -- Representing the seller, Binswanger is pleased to announce they have sold Albis Plastics' 120,000 sq. ft., two-building facility on 18 acres in Rosenberg, Texas.

Seatex LTD of Houston, Texas purchased the property. Employee owned and operated, Seatex is a provider of chemical blending and packaging services to industrial, petroleum, commercial and institutional markets. At least 60 new jobs will be created as a result of this deal.

The seller, Albis Plastics, has been a global leader in resins processing and a compounder of technical resins since 1961.

"Binswanger is very excited to have been a part of this deal," remarked Kipp Collins, Vice President. "The residents and the City of Rosenberg will benefit greatly by Seatex's presence."

Both the 67,000 sq. ft. manufacturing building and the 40,000 sq. ft. warehouse are one story and feature steel columns; all utilities; metal halide lighting; 100% wet sprinkler system; and are rail served by Union Pacific.

Strategically located, the property is situated on State Highway 36 and ALT 90. It provides convenient access to US Highways 59 and 290; Interstates 45, 10, 610 and Loop 8; George Bush Intercontinental Airport and Hobby International Airport.

Headquartered in Philadelphia, Pa., Binswanger is an international full-service real estate organization with offices worldwide throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, and Asia.