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HOUSTON-A 52,544-sf office building and warehouse combination has traded hands to a local buyer, Nouri Bros. Investments LLC, who plans to use it for a stone and marble business. The asset was developed as an office building in the early 1960s by Gerald Hines.

Abolala Soudavar put the building on the market because he is relocating his wholesale furniture company, Mirak Inc. John F. Littman, senior director with Cushman & Wakefield of Texas Inc., says the two-story building on about two acres at 8403 Westglen Dr. was marketed for $1.5 million.

Littman tells GlobeSt.com that Soudavar acquired the building in shell condition in the late 1980s. Because of that, he says “it was able to function as more of an office/warehouse rather than a strict office building.” Littman teamed with C&W’s executive vice president B. Kelley Parker III and associate Coe Parker to sell the asset.

Littman says the listing attracted a lot of interest and five offers because of its access to US Hwy. 59 in the near west submarket. Nouri Bros., represented by Bud Johnson with WT Johnson Co. in Houston, ended up with the asset because the plan was to keep the building pretty much as is.

“The buyer’s going to do some work on it, but not a significant amount,” Littman says. “They’re planning to use it in a similar way as a warehouse with office space.”

Littman adds that the buyer did finance the deal through Wallis State Bank in Houston, but he declined to discuss financing details. The broker says some regional banks are go-to sources for successful financing these days. “They’ve been very active for qualified buyers,” he adds.

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