Michael J. Taetz of the Houston office of Colliers International tells GlobeSt.com that the manufacturing building was shuttered by Avnet Inc. after it acquired Kent Electronics. Taetz and Bill Byrd, also of Colliers, have spent the last six months looking for a buyer. During the marketing period, three to five offers were put on the table for the 6.7-acre asset near the Harwin Street industrial sector, says Taetz.
Tom Lynch, Billy Gold and Jeff Pittman, a CB Richard Ellis Inc. team in Houston, represented the buyer. The team also cornered the leasing assignment for the 1970s-era, vacant facility.
According to Taetz, the air-conditioned, tilt-wall buildings are in excellent condition. The industrial space is split equally and there is 13,000 sf of office space.
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