EDM Office Services Inc. bought a building that came to marketfor $525,000 from Karbach Investments LLC, a private investor fromCincinnati. David M. Boyd with Boyd Page Commercial Real EstateServices in Houston, tells GlobeSt.com that the seller brought theasset to market after losing Southern Fastening Systems as a tenantbecause he felt there were more opportunities in selling thanleasing. Within 30 days, four offers were in hand for the building,situated on about an acre between Hempstead Highway and US Highway290. Boyd won't discuss the selling price, but did say the all-cashsale warranted a discount from the ask due to deferredmaintenance.
EDM Office Services has started construction and will occupy thebuilding in the near term. Josh LaRocca of InSite Commercial RealEstate in Houston represented the buyer.
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