E. Logan Brown Jr., senior vice president with Grubb & EllisCo.'s Houston office, says Delta Red Oak LP owned the 1980s-eracomplex at 17200-02 Red Oak Dr. for a little more than 1.5 years.The partnership decided to bring the three-acre complex to thesales block because of its location.

"The guy owns other buildings, but most of them are in SugarLand, which is far south of there. It would take hours for him todrive to show the space. He didn't have the time to fix them up andconsequently, they languished," says Brown, who brokered the dealbetween the seller and Klazuba Realty LLC. Also working on behalfof the seller was Grubb & Ellis associate ChristopherWadley.

Brown tells GlobeSt.com that the seller wanted a quick sale andhe got just that: the entire process took less than two months. Hesays Klazuba, which primarily is an oil and gas company, beat fourother offers for the complex because it had the cash and there wereno financing contingencies. "They could move quickly," he adds.

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