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13.5 Acres Change Hands in Houston Area

HOUSTON-It's shapiing up to be a stellar year in land sales, says an area broker. Some 7.3 acres alone have been sold in Cedar Creek Crossing Park. Activity could be the hardiest it's been in five years.

By Jennifer Brenner Andrade | Updated on May 04, 2001

HOUSTON-Land sales activity is the strongest it’s been in five years, Bill Heavin, Grubb & Ellis Co.’s land group vice president, tells GlobeSt.com.

Heavin says land buyers are focused on obtaining market presence in key areas such as the southwest, Texas 290 corridor, west side in the Interstate 10 area and the Woodlands. Heavin believes the stellar year will continue as long as Houston’s economy continues to perform.

Recent land deals include the sale of slightly more than five acres in Cedar Crossing Business Park. Foodcom International, Inc. has sold the property to CIM Industries. B. Kelley Parker III and John M. Talhelm of Cushman & Wakefield of Texas Inc. have represented Foodcom in the deal. Also in Cedar Crossing Business Park, the same Cushman & Wakefield broker team has represented Cedar Crossing LP in the sale of about 2.3 acres to CIM Industries.

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