Centerpoint Energy sold the building at 6161 Rothway Dr. because it no longer needed it for a call center. The vacant building, listed at nearly $7 million, was constructed in the mid-1980s and renovated in 2000. David L. Cook with Cushman & Wakefield of Texas Inc. says the building is located in a good business park in the northwest submarket, which made it a strong deal for the buyer.
"Archway will use this strictly as a spec building. It's currently available for lease," Cook tells GlobeSt.com. He says the asset will soon have additional parking, thanks to the extra acreage. "They bought that land for parking so they can do higher-end lease deals," he explains. "The building is proving to be perfect for a call center, electronic assembly, almost anything along those lines."
Cook says the new owners are prepared to renovate the building to meet any tenant's needs. "Right now, it's 95% open space," Cook adds. "We've had several interested parties looking at this." Standard lease rates in the submarket range from $6.50 per sf to $7.50 per sf, triple net.
C&W's Jeff G. Peden, Marshall V. Davidson Jr. and Graham D. Horton worked with Cook on the transaction. Stewart O. Robinson of Conine & Robinson in Houston also was involved in the deal.
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