C.W. "Cappy" Ricks of the Houston office of Colliers International represented the seller, Friede Goldman Halter. Attorney Williams Gibbens III acted on the buyer's behalf.

Horizon Vessels is a subsidiary of Houston-based Horizon Offshore Inc. Horizon Offshore provides marine construction services to the offshore oil and gas industry, primarily in the Gulf of Mexico. The company's fleet is used to perform a wide range of marine construction activities.

In an unrelated lease, Howard Insurance Group is taking 1,012 sf of office space at the Onyx One building, located at 17225 El Camino Real in Houston. Coy Davidson of Colliers International represented the tenant. The building owner, Onyx One Partnership, used an in-house broker to negotiate the lease.

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