The buyer is the operating division for Time Warner Cable. Its purchase is located at 16575 Air Center Blvd. near Bush Intercontinental Airport and the Hardy Toll Road.

Sarah McMurray of McMurray Interests represented Texas Cable Partners in the building sale. Roddy McAlpine, Michael Taetz and Parker Johnson, all of the Houston office of Colliers International, and Bill Locher of ReMax Northeast brokered on behalf of the seller, Mitco Inc.

None of the brokers will discuss the selling price for the building, but it started out on the market at $940,000. The building is designed with 2,470 sf of office space and 14,930 sf of warehouse space.

McMurray tells GlobeSt.com that Texas Cable Partners was planning to construct a building with exactly the same specifications: fully insulated warehouse, 22-foot clear height, two dock-high and two grade-level doors. That coupled with the easy access to Interstate 45, the toll road, Sam Houston Parkway and US Highway 59 made it a done deal.

McMurray says many of her clients are now looking to buy instead of lease. She's not alone, such transactions have been fueling the market for several months now. "The industrial market will not have significant additional speculative building for the next years," says Colliers International researchers in a recent industrial report. "Low-interest rate mortgages will encourage smaller users to consider owning versus leasing."

Functionality, says the research team, will drive relocations from leased to owned properties. Higher standard fire protection systems, larger truck aprons and rail-availability were mentioned as some of the functional necessities now luring would-be buyers.