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HOUSTON-Triangle Entertainment in Houston has purchased a 20,060-sf office/warehouse in southwest Houston. The new building sold at practically its $1.2-million asking price.

The seller is a limited liability company owned by NAI Partners Commercial brokers Chris Caudill, Randy Wilhelm, Jon Silberman and John Ferruzzo. Caudill tells GlobeSt.com that the ground broke on the building in January on a 1.5-acre tract carved from 6.1 acres the group bought about a year ago. The quartet plans to add at lease one other office/warehouse and a 5,700-sf retail building, he says. “There is a need for this type of building in the southwest market,” Caudill says.

Triangle Entertainment put a contract on the building at 11801 S. Sam Houston Parkway West shortly after construction began, according to Caudill who along with Ferruzzo represented the group in the property sale. Triangle Entertainment set aside 3,500 sf for the corporate office in a relocation from within the southwest sector.

Thad Hickman, Tyndall Yaap, Wayne Bridgeford and Jay Jenckes, all with the Houston office of Grubb & Ellis Co., handled the transaction for Triangle Entertainment, an owner/operator of Houston-area nightclubs.

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