Shawn Ackerman in the Houston office of Dallas-based Henry S. Miller Commercial represented the sellers of record, Shomer XIV Ltd. The asset "didn't fit their future plans," he says of the Houston-based investors' motivation to sell.
The buyers, 2218 North Park LP, used an internal representative to negotiate its first acquisition. Ackerman tells GlobeSt.com that a previous contract fell out and put the first-time buyers in place.
The 23-year-old building is leased to smaller tenants who have been in place for years, Ackerman says. The two-acre property, surrounded by retail projects, sits at the entrance to the North Park subdivision.
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