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Net Lease Buyer Breaks Into Houston With $30M HQ Buy

HOUSTON-Titan Real Estate Investments gets fired up about seismic technology company, Input/Output Inc., and buys its three-building world headquarters. The tech company's lease for the 280,556 sf of office and R&D space runs until 2013.

By Jennifer D. Duell | Updated on July 13, 2005

STAFFORD, TX-An investment group specializing in single-tenant, net-lease assets has dropped roughly $30 million on a 280,556-sf portfolio of office and research and development space. The three-building package houses the world headquarters for Input/Output Inc.

The Los Angeles-based Titan Real Estate Investments marked its first spot in Houston with the acquisition, says Tom Lynch, a first vice president with CB Richard Ellis Inc.’s local office. The package consists of a 90,990-sf office building at 11104 W. Airport Blvd., which has been subleased; 79,566-sf office building at 12300 Charles E. Selecman Dr.; and 110,000-sf R&D structure at 12200 Charles E. Selecman Dr. According to Harris County, Allstate Insurance Co., Roberts Advertising Co. and IKON Financial Solutions Inc. sublease space in the complex.

The buildings, built between 1985 and 1992, were sold by Austin-based AIC Ventures, which recently sold a 145,120-sf light manufacturing facility that’s fully leased to Flextronics International Ltd. “They’re not exiting the market,” Lynch tells GlobeSt.com. “They buy real estate from companies that are somewhat distressed and will sell them once the company is back on its feet.”

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