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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.

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