Abolala Soudavar put the building on the market because he isrelocating his wholesale furniture company, Mirak Inc. John F.Littman, senior director with Cushman & Wakefield of TexasInc., says the two-story building on about two acres at 8403Westglen Dr. was marketed for $1.5 million.

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Littman tells GlobeSt.com that Soudavar acquired the building inshell condition in the late 1980s. Because of that, he says "it wasable to function as more of an office/warehouse rather than astrict office building." Littman teamed with C&W's executivevice president B. Kelley Parker III and associate Coe Parker tosell the asset.

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Littman says the listing attracted a lot of interest and fiveoffers because of its access to US Hwy. 59 in the near westsubmarket. Nouri Bros., represented by Bud Johnson with WT JohnsonCo. in Houston, ended up with the asset because the plan was tokeep the building pretty much as is.

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"The buyer's going to do some work on it, but not a significantamount," Littman says. "They're planning to use it in a similar wayas a warehouse with office space."

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Littman adds that the buyer did finance the deal through WallisState Bank in Houston, but he declined to discuss financingdetails. The broker says some regional banks are go-to sources forsuccessful financing these days. "They've been very active forqualified buyers," he adds.

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