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Texas  + Office  | 

Colliers Arranges Deal for Government-Leased Corpus Christi Asset

A Colliers International capital markets team of Geoff Ficke and Zack Ficke facilitated the sale of the State of Texas Department of Family and Protective Services (DFPS) office, a 51,307-square-foot building located on 4.27 acres at 4102 Greenwood Dr. in Corpus Christi. The single-tenant building on behalf of Government Investment Partners for an undisclosed amount.

The mission-critical government-leased facility, which was built in 1995 and renovated in 2010, is currently 100% occupied by the DFPS.

“This building is in a prime location for serving the southern portion of Texas,” said Geoff Ficke, EVP at Colliers. “The property sold at 97% of the list price with 4.5 years of lease term remaining. The lease features annual rental increases and is full service in nature, making it quite appealing to buyers.”
 

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition