HOUSTON-The Cummings-Baccus Interests real estate firm has acquired 20 office buildings in various towns across Texas. The portfolio includes about 700,000 sf of office space that had been purchased from Wells Fargo/Norwest Bank. The Houston office of the Cushman & Wakefield real estate brokerage handled the disposition.

The largest building was the 205,000-sf Wells Fargo building at 1500 Broadway in Downtown Lubbock. The 15-story building, built in 1968, is a landmark in Lubbock, which has a population of more than 200,000 people. The smallest bank building to be purchased was a 6,000-sf bank building in Runge. Also included in the sale were buildings in Robstown, Rosenberg, Alice, Kingsville, Fairfield, Gonzales, Navasota, Edna, New Braunfels and other small towns in south Texas.

In many of these towns, the Cummings-Baccus bank building is the largest office structure in the entire community. The bank elected to sell the buildings after deciding to lease them rather than own them. Cummings-Baccus is an Austin-based realty firm with holdings throughout Texas. The firm typically invests in office, retail, industrial and raw land properties.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.