Buyer takes Houston’s Binz Building

Property nearly 90% leased at closing

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Brokerage Holliday Fenoglio Fowler L.P. recently announced that it closed the sale of the mid-rise Binz Building in downtown Houston for an undisclosed price. Royal Investors Group LLC purchased the office property free and clear of debt from RPD Catalyst. Comprising 119,436 square feet, the Binz Building features 13 stories of office space that was 89 percent leased at the time of sale to tenants that included MCIMetro and Grande Communication Network. Also included is an eight-level, 457-space, attached parking garage. Other tenants at the 1001 Texas Ave. property include an overnight shipping service, a hair salon and two restaurants. *** What's your opinion? Leave your comments below or send a letter to the editor. ...