GRUBB & ELLIS BROKERS SALE OF BANK BUILDING

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HOUSTON — Grubb & Ellis has brokered the sale of a 4,000-square-foot bank building, located on a 29,906-square-foot site at 1350 W. 43rd St. in Houston. The building is occupied by Wachovia under a 20-year, triple-net ground lease. The building was constructed in 2008. George Cushing and Wendy Vandeventer, both of Grubb & Ellis, represented the seller, Eastbourne Oak Forest LP. Mark Sondock of NewQuest Properties represented the buyer, Patterson Ranch Inc. The acquisition price was not released.

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