Tetra Center sold in Texas

Out-of-state investor makes purchase

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Marcus & Millichap brokered the sale of the 112,724-square-foot Tetra Center in Woodlands, Texas. The value of the transaction was $11.8 million. A Texas-based private investor sold the property to a California-based investment group. Tetra Center is located at 25025 IH-45 North Freeway, just minutes from the Intercontinental Airport, the hardy Toll Road and I-45 highway. Built in 1984, the office structure has six floors and was 97 percent occupied at the time of sale. Other property amenities include covered parking, 24-hour security with card-key access system, tenant conference room and on-site bank. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....