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HOUSTON – PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced it has arranged the sale of 13401 N. Freeway in Houston, on behalf of Acacia Properties Associates L.P., an investment firm based in New York, to ML Realty Partners LLC, an investment and development company based in East Dundee, Ill.
13401 N Freeway is a 143,410 -square-foot office Class A office building located in the Greenspoint sub-market near George Bush Intercontinental Airport. The building is 100 percent leased to Exxon Mobil. The sale also included a three-level attached parking garage which, combined with surface parking, gives the building a ratio of four parking spaces per 1000 square feet of office space.
John Dailey, Senior Vice President, Director of Investment Services at PM Realty Group, represented Acacia Properties Associates in the sale. The building was the fourth Houston property acquired by ML Realty Partners in the past 18 months, according to Michael Luecht, President of the firm. The purchase price was not disclosed.
"With a great location and a top-notch tenant, 13401 N. Freeway is a valuable asset,” Dailey said. “The transaction benefited both the seller and the buyer.” | 
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