The Los Angeles-based Titan Real Estate Investments marked its first spot in Houston with the acquisition, says Tom Lynch, a first vice president with CB Richard Ellis Inc.'s local office. The package consists of a 90,990-sf office building at 11104 W. Airport Blvd., which has been subleased; 79,566-sf office building at 12300 Charles E. Selecman Dr.; and 110,000-sf R&D structure at 12200 Charles E. Selecman Dr. According to Harris County, Allstate Insurance Co., Roberts Advertising Co. and IKON Financial Solutions Inc. sublease space in the complex.

The buildings, built between 1985 and 1992, were sold by Austin-based AIC Ventures, which recently sold a 145,120-sf light manufacturing facility that's fully leased to Flextronics International Ltd. "They're not exiting the market," Lynch tells GlobeSt.com. "They buy real estate from companies that are somewhat distressed and will sell them once the company is back on its feet."

Lynch says the Input/Output portfolio was on the market 10 months and under contract twice before Titan claimed it. The buyer was one of nine bidders for the package, according to Lynch. "They really liked the tenant," he says, "and got fired up about them." He says Titan was particularly intrigued by Input/Output's new 4-D seismic technology.

Mark O'Donnell with Studley's Houston office represented the buyer. Lynch and Sterling Champ in CBRE's Glendale, CA office negotiated for AIC Ventures.