Michelin Sells/Leases Back Texas Distribution Center (Akron/Tire Review) Michelin North America did a sale/leaseback deal with its distribution center in Houston. Advertisement ByTire Review Staff on February 28, 2006 The move will not impact Michelin’s operations there, and the move will save the tiremaker an undisclosed amount.Advertisement Michelin sold the 663,000-square-foot warehouse to First Industrial Realty Trust Inc. and signed a 10-year lease deal for the facility. Advertisement In this article: Click to comment Sponsored Content: Why Electric Vehicle Drivers Need Tires Made for EVs News: Michelin Launches MEMS Lite Solution News: Fountain Tire Unleashes New Advertising Platform Business Operations: Eight Great Practices for Creating a Winning Team Culture Advertisement WEBINARS Watch a webinar for free on-demand! PODCASTS Listen to the latest episode on "What's Treading". SUBSCRIBE Get the latest news in Tire Review World Tire Report.