Techniplex Business Center LLC is the buyer of record for 16203Park Row. David M. Boyd of Boyd Page represented the seller in thedeal and Boyd Page's Ed Page acted for the buyer, a newly formedentity of a Houston investor.
Boyd tells GlobeSt.com that the seller owned the building forfive years and predicated the decision to sell upon meeting goalsset for the site at purchase time. The fully leased structureprovides space for smaller energy and services firms that cater tohigh-profile clients such as BP, Amoco and ExxonMobil.
In the last five years, Energy Corridor rent has spiked,solidifying the recovery from the mid-1980s recession. The mark-uphas been considerable, says Boyd.
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