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HOUSTON-First-time buyers have picked up a 27,250-sf suburban office building, swooping in to make a close one after contract fell out for the fully occupied asset. The 2218 North Park building in the Kingwood section of North Houston was on the market six months for $2.2 million.

Shawn Ackerman in the Houston office of Dallas-based Henry S. Miller Commercial represented the sellers of record, Shomer XIV Ltd. The asset “didn’t fit their future plans,” he says of the Houston-based investors’ motivation to sell.

The buyers, 2218 North Park LP, used an internal representative to negotiate its first acquisition. Ackerman tells GlobeSt.com that a previous contract fell out and put the first-time buyers in place.

The 23-year-old building is leased to smaller tenants who have been in place for years, Ackerman says. The two-acre property, surrounded by retail projects, sits at the entrance to the North Park subdivision.

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