A Boston-based advisory group, Realty Associates Fund III LP, sold the park along with an extra 2.3 acres of raw land. The fully leased development is located along Brittmoore and Kempwood roads.

Ralph Tullier, an associate in the Houston office of Dallas-based Trammell Crow Co., tells GlobeSt.com that the industrial property garnered about 10 offers in the four months it was on the market. He's tight-lipped about the asking and the selling price, but the Harris County Appraisal District puts the project's assessed value at close to $10 million. Three buildings were constructed in 1984 while the fourth rose in 1996 as a build-to-suit for Owens & Minor.

Tullier says the dock-high buildings are in good shape and provide high yields so significant capital improvements aren't likely by the new owner. "With only five tenants, the project is not management intensive," Rusty Tamlyn, a Trammell Crow director, said in a prepared statement. Major tenants are Inventec and Drilltec.

Richland Financial, headed by Edna Meyer Nelson, acquired the asset under the auspices of Claymoore Business Park Investors Ltd. At last count, the Houston company owns more than one million sf of commercial, retail, office and industrial product.

Tamlyn and Tullier were joined by Aaron Thielhorn, another Trammell Crow associate, in negotiating the transaction. Charles Keever of Horizon Capital Bank arranged acquisition financing.