3/21/2008

RPD Catalyst sells Houston's Binz Building

by Chad King

The Binz Building

Los Angeles, Calif.-based RPD Catalyst has sold the Binz Building, a 13-story office tower in downtown Houston, Texas, to Royal Investors Group, LLC.

Dan Miller and Marty Hogan of Holliday Fenoglio Fowler handled the negotiations for RPD Catalyst.

The Binz Building is located at 1001 Texas Ave., and is currently 89 percent leased to tenants including MCI Metro and Grande Communication Network. Constructed in 1982, the building contains 119,436 square feet and includes an eight-level, 457-space attached parking garage.

Earlier this year, Miller and Hogan brokered the sale of Four Corners in Houston, a 424,393 square foot mixed-use property. The team represented Cannon Commercial in the deal.

Address: 1001 Texas Ave., Houston, Texas

Size: 119,436 square feet

Built: 1982

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Filed Under: Office

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