Moore Industries is planning to repurpose a vacant building at 10049 Reiger Road that once housed software firm Fifth Generation Systems. It will use part of the building and lease some space to other tenants.
Moore Industries owners Steve and Tina Moore have signed a $3.4 million purchase agreement for the property with local businessman Shawn Frazer, who owns the 51,400-square-foot office building and 5.7 acres on which it sits. The deal is expected to close in a few weeks, according to Mark Hebert of Kurz & Hebert Commercial Real Estate, who is representing the Moores in the deal. Jessie Babcock of Beau Box Commercial Real Estate is representing the seller.
The vacant building, which was listed for $4.5 million, has more than 300 feet of frontage on Interstate 10 and easy access from both I-10 and Siegen Lane, with good visibility. Hebert says the facility can be repurposed for a variety of different uses and tenants.
“It’s a multipurpose facility with great side access and great rear access,” he says. “It would be great for someone who wants more exposure. Moore Industries can lease out the front and use the whole back for their growing business.”
The building was originally designed for Payless Cashways, a lumber retailer that never opened on the site. In the early 1990s, Fifth Generation Systems purchased the building. The company was owned at the time by Barry Bellue and was known for several high profile, successful software products.
In 1993, Bellue and his partners sold the firm to a California company. In the years since, the building has been leased by a variety of tenants, as a call center and for temporary offices for the Federal Emergency Management Administration.
