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Equipment Maker Buys 10,560-SF Building

HOUSTON-Xinghua Machine Corp., which makes assembly equipment for fortune cookie production, goes from borrowed space to an owned location along Hodges Street. Sources say the property swaps hands for about $200,000.

By Jennifer Brenner Andrade | Updated on February 18, 2004

HOUSTON-Xinghua Machine Corp. has bought a 10,560-sf industrial building on slightly less than an acre in the southwest submarket. Industry sources say the property at 12338 Hodges St. fetched about $200,000 for seller, Wadco Precision Inc., which has relocated to nearby Eagle Lake.

Andrew W. Sowell with the Houston office of Boyd Commercial represented Xinghua, a manufacturer of equipment for assembly production of fortune cookies. Sowell tells GlobeSt.com that Xinghua was operating out of borrowed space and wanted its own facility. He says the search was into the third week when they placed the offer for the Hodges Street building, which already had one contract fall out. It was the right location and right size, Sowell says of the decision to buy with financing arranged by Melinda Huang at the Bellaire office of Metro Bank. Mike Bennett of Bennett Properties of Houston represented the seller.

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