Michael J. Taetz of the Houston office of Colliers Internationaltells GlobeSt.com that the manufacturing building was shuttered byAvnet Inc. after it acquired Kent Electronics. Taetz and Bill Byrd,also of Colliers, have spent the last six months looking for abuyer. During the marketing period, three to five offers were puton the table for the 6.7-acre asset near the Harwin Streetindustrial 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 theleasing assignment for the 1970s-era, vacant facility.

According to Taetz, the air-conditioned, tilt-wall buildings arein excellent condition. The industrial space is split equally andthere is 13,000 sf of office space.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 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.