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TOMBALL, TX-Cooper Cameron Corp. has earned close to its asking price of $2.4 million for an industrial property in the northwestern Houston suburb of Tomball.

Charles H. Herder, chairman of the Colliers International’s Houston office, tells GlobeSt.com that the company has been consolidating assets and selling off excess real estate. Cooper Cameron is a locally based international manufacturer of equipment for the oil and gas industry that has grown by acquisitionthrough the years.

The Tomball property consists of three industrial buildings, totaling 40,845 sf on 16 acres at 11311 Holderrieth. It went on the market in March and attracted a lot of interest from the buyers’ circuit, says L. Michael Wallace, a Colliers International vice president in Houston.

Herder and Wallace represented the seller. The buyer of record is a private investment group from Houston, 11311 Holderrieth Limited LP, which brokered the deal with an in-house broker.According to Wallace, the buyer will use the facility for an engineering fabrication operation. He says the five-year-old complex is high-quality construction with 17,500 sf of office space. There are two 50-ton cranes, a rare amenity, Herder points out.

Herder business owners and investors are more confident than ever about putting their assets into real estate as opposed to other investment options such as the markets. The team has four other Cooper Cameron industrial facilities onthe market: two in northwest Houston, one in Livingston, TX, and one in Missouri City, TX.

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