Doug Nicholson and Martin O'Malley, both with the Houston office of Grubb & Ellis Co. represented the seller, Woodlands Office Equities-95 Ltd. The brokers were unavailable for comment on the deal.
The 59,952-sf, fully occupied building is situated on a 6 1/2-acre tract. The sales price has not been disclosed, but the asking price was $5.5 million.
Still left to sell are the nearby two-year-old McLeod building at 9012 New Trails Dr. and nine-year-old Venture Tech IV at 8665 New Trails Dr. The 68,868-sf building is 100% leased to McLeod Telecommunications. Its asking price is $8.5 million while Venture Tech IV is being marketed for $6.4 million. The 63,605-sf structure also is 100% leased. The Woodlands office market, O'Malley previously said, is very strong as indicated by the properties' full lease-up.
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