Houston - Transwestern Real Estate Services (TRS) announces the sale of 1113 Vine St., a 2.26-acre parcel of land accompanied by a 99,000-square-foot building, in downtown Houston. Originally known as the Union Transfer and Storage Building, the property is listed in the National Register of Historic Places. Transwestern’s A. David Schwarz III, SIOR and Carlos P. Bujosa represented the seller, Lee Roy Murray III, in the disposition.
“1113 Vine St. has a rich history and will serve as a long-term investment opportunity to the buyer,” said Schwarz. “Located adjacent to the University of Houston-Downtown and nearby Interstates 10, 45 and 59, the asset is easily accessible from all cardinal directions in Harris County.”
The property is within walking distance of downtown Houston, The Theater District, Historic Market Square and the METRO Rail. Built in 1917, 1113 Vine St. offers an open floorplan with current tenants ranging from attorneys and fitness trainers to oil and gas and nonprofit organizations. The property’s 33,000-square-foot basement also provides climate-controlled storage space.
Rick Walker with CXRE represented the buyer, 1113 Vine Street Holdings, LLC, an affiliate of Stratiq Capital, in the transaction.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
Media Contact:
Ashley Haigh
713.490.3786
ashley.haigh@transwestern.com
twmediarelations@transwestern.com
