Houstech Inc.'s new holding is a 21-year-old building positioned on a half-acre tract at 800 Sam Houston Parkway. James Bartley of Houston is the seller.
The seller's broker, Chris Caudill with NAI Houston, tells GlobeSt.com that the asset came to market when the building's lone tenant said it was moving out when the lease expired. Bartley, the owner for the last seven years, opted to sell rather than re-lease.
Caudill and NAI's Joel Michael started marketing the property a year in advance of the recent lease expiration. Houstech, one of three offers, was represented by Mike Farris of Houston Industrial Brokerage.
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.
