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Universal Weather & Aviation Inc., based in south Houston, has bought the 158,000-square-foot Gemini Plaza at 1150 Gemini Ave., a stone’s throw from the Johnson Space Center.
The space was put up for sale in April, after the former owner and occupant, United Space Alliance, moved out, said Dan Boyles Jr., the NAI Houston principal who brokered the deal.
Boyles said the Gemini Plaza space is a perfect example of how a commercial space returned to the market can help diversify a region’s economy.
“This was a 158,000-square-foot building that went vacant in a market that’s not seen a tremendous amount of demand with respect to (cutbacks at) NASA and associated contractors,” Boyles said.