Payless Insulation purchased a 47,359-square-foot vacant industrial building at 1331 Seamist Drive in Houston. The buyer plans to occupy the building for its business. Georgia Wren of Glauser Properties represented the seller, Cypress Creek Properties, Ltd. The buyer was represented by Gray Gilbert of CB Richard Ellis. The exact sale price was not disclosed, but was quoted by Wren as being close to the asking price of $1.4 million.