Coldwell Banker Commercial represented ownership in the sale of a 68,124-square-foot former Convergys call center in Lubbock, Texas. The original asking price for the property was $7.5 million. The selling price was not disclosed.
The office property is located at 3701 W Loop 289 and was constructed in 1997. The building is fully ADA compliant, has 490 parking spaces and is three miles from Texas Tech University. Operations were discontinued at the call center in 2018 after a Convergys-outsourced provider closed the center. Harmony Public Schools, out of Houston, was the buyer of the facility.
“The Loop 289 property is an excellent and well-located facility, but a bit unique, so we had to find just the right buyer,” said Scott Womack of Coldwell Banker Commercial Capital Advisors. “The original intent was to close the sale this past Spring, but the pandemic delayed the original acquisition date. We worked closely with the buyer and seller to ensure that the deal stayed on track.”
The buyer intends to use the location to house a charter school for grades 1 through 12. The Lubbock area has experienced consistent population growth over the past decade and, with growth, comes the demand for more educational facilities.