The 3673 Westcenter Drive property is across the street from the church's complex.The seller's broker, Ace Schlameus in Grubb & Ellis Co.'s Houston office, tells GlobeSt.com that the just-sold property was labeled as surplus and has spent the last 11 months on the "for lease" market and another four on the "for sale" listings. The foundation was seeking $50 per sf; the property is assessed at $520,900.
Schlameus says several offers were placed for the structure, built in 1981 on a 38,000-sf tract. The buyer plans to retool the class C building into its corporate headquarters, he adds.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.