Cy-Fair Christian Academy Inc. has bought a little more than nine acres at Telge Road north of Cypress North Houston Road. Grothaus tells GlobeSt.com that the organization plans to build a private religious school on the land. Fred Caldwell Trustee also is the seller of this acreage. Clare Flesher of Trione & Gordon represented Cy-Fair Christian Academy.

Finally, Grothaus has sold nearly 7.5 acres for Red Bluff Ltd. and SixW Ltd. The property is located along Clay Road between Blalock and Campbell. Buyer Williamette Industries, a paper recycling business, had wanted this particular parcel because it is serviced by a rail spur and has a yard facility.

Grothaus, mum about sales prices, says the northwest submarket is fetching its prime selling price in the retail sector. Land is commanding between $4.50 per sf and $20 per sf.Residential development land, he says, garners the lowest price, $1.25 per sf, because the deals usually involve more than 50 acres. For apartment developers, northwest Houston land goes for approximately $2 per sf to $3 per sf. Grothaus says land for industrial use, the most popular in this submarket, fetches more than $2 per sf. Land sales for office projects, though not very common these days in the submarket, will bring upward of $4 per sf.