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Colliers International announces the sale of a ±95,170 SF office building on Richmond Avenue in Houston

Office Investment Sale.

Colliers International is pleased to announce the sale of the ±95,170 square foot office building located at 10500 Richmond Avenue in Houston, Texas. The buyer, Mond Properties, represented themselves. David Carter, CCIM, SIOR and Jeff Peltier of Colliers International assisted the seller, a CMBS Trust represented by Special Servicer LNR Partners.

RichmondAve

10500 Richmond Avenue is an atrium-style office building, situated on 5 acres at the corner of Richmond Avenue and Rogerdale Road. The office building is located in the Westchase submarket of Houston, just one block west of Beltway 8.

The Westchase office submarket consists of 17.4M square feet contained in 101 properties which are currently 79.0% leased. The average asking rental rate for office space in the Westchase submarket is $26.88 per SF.


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David Carter

Principal & Director

Houston

David Carter, Principal, Director and sits on the Governance Council. Titans Award recipient for top revenue producer and Everest Award recipient for top production across the enterprise. Carter specializes in the areas of brokerage and investment sales of office, flex and industrial buildings. Carter has successfully represented an extensive client base in dispositions, sale leaseback, build to suit, joint ventures, partnership structure, acquisitions and development.

Expertise, knowledge and commitment to clients are Carter’s skill set that allow his clients to make critical decisions with the right information, delivering valuable real estate solutions to grow their business.

Carter has consistently been recognized as a Houston top producer in commercial real estate since 1997 and has earned the professional designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtors (SIOR), President in 2009.

He is a member of NAIOP and licensed real estate broker in the State of Texas, holds a Bachelor of Business Administration degree specializing in Finance from Sam Houston State University and is a member of Sigma Chi Fraternity.

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Jeff Peltier

Senior Vice President

Houston

Jeffrey Peltier, a Senior Vice President with Colliers, is an Office and Industrial Tenant/Landlord Rep advisor, specializing in comprehensive real estate strategies, including financial analysis, lease negotiations, acquisitions and dispositions.  He assists clients in making informed decisions with their office and Industrial space requirements, all while providing excellent service and exceeding his clients’ expectations. Mr. Peltier’s client base ranges from Oil and Gas and engineering firms to companies in the financial and technology industries.

Prior to joining Colliers, Mr. Peltier acquired extensive knowledge while working with the Houston based REIT in project leasing. He was part of the team responsible for leasing the company’s current 6 million square foot office and industrial portfolio. His experience working on the ownership side has allowed him to develop the skills necessary to successfully meet all of the needs of his clients.  Most recently, Jeff was a Tenant Rep Broker at Cresa Houston.

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