HOUSTON–Daymark Realty Advisors has sold Oak Park Office Center III. The 151,000-square-foot office building in Houston’s Westchase district was purchased by 111 Realty OPO, a real estate investment company led by Mallick Group Inc., and Keating Investments. The sale price was not disclosed.
“Oak Park Office Center III was a highly sought after offering due to its strategic West Houston location, excellent visibility from Beltway 8 and investment-grade tenancy,” says Robert Williamson, of HFF who marketed the property along with colleague Trent Agnew.
The two-story building, located between Rogerdale Road and Sam Houston Parkway, is part of the master-planned 225-acre Oak Park at Westchase Business Park. The property is fully occupied by global engineering firm CB&I Inc.
Acquisition financing was arranged by 111′s lender, International Bank of Commerce – Houston.
Mallick Group, which focuses on real estate and energy investments, is based in Fort Worth, while Keating Investments has its headquarters in Oklahoma City.