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HOUSTON-Foster’s Point, a Houston-based floriculture company specializing in the wholesale of silk flowers and related products, has purchased a 30,000-sf office/warehouse situated on three acres at 20527 Rhodes Rd. in Houston.

The 18-year-old tilt-wall building features 5,000 sf of office space. Thad Hickman and Tyndall Yaap, a Grubb & Ellis Co. Houston team, represented the seller, Capital Commercial.

Yaap tells GlobeSt.com that Capital Commercial is an Austin-based investor/developer who purchased the building several years ago with a tenant intact. The tenant recently vacated so the owner hired Yaap and Hickman to search for a tenant or buyer. Yaap was mum on the sales price, but the asking price was $895,000.

Jerry Ashmore with the Greater Houston Group represented Foster’s Point in the purchase. The buyer will use the site as a base for its wholesale business.

Yaap says the transaction is a prime example of the pent-up demand from small to mid-size users who are choosing to buy rather than rent. According to public records, Foster’s Point was formerly located in Spring, a northern suburb of Houston.

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