InSite Buys 109,000 SF Industrial Building in Houston, TX; Signs Leases with Hannibal Industries and Lexington Steel

InSite Real Estate purchased a 109,000 SF rail-served manufacturing and distribution building and signed a long-term full-building lease with Hannibal Industries and Lexington Steel at 6501 Bingle Road in Houston, TX. Hannibal Industries is a diversified, value-added metal fabricator, headquartered in the Los Angeles area, with two primary divisions offering carbon steel tubing and pallet racking systems to customers. Lexington Steel is a full-line distributor of flat rolled steel products and purchases steel directly from the most technologically advanced domestic and international producers.