X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-A local printer, with the top offer on the table, has acquired an 8,560-sf industrial building in the near northwest submarket of Houston. The building, assessed at $212,050, was listed at $400,000.

One Source Printing & Graphics of Houston was one of four purchase offers that came in during the past year for an empty building that was being marketed as lease product, Travis Land with Houston’s NAI Partners Commercial tells GlobeSt.com. The local seller is MTHM Inc., which was represented by Land and NAI’s John Ferruzzo. One Source Printing, though, dropkicked an offer for 5810 Dierker Road that was simply too good to pass up, Land says.

The printer’s purchase is a 20-year-old building on an 18,500-sf tract near Hempstead Highway. Land says the operation will move in June from a nearby leased site. David Boyd with Boyd Commercial in Houston negotiated for the buyer.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.