Two recent deals are prime examples, says Edwards. FMC Technologies Inc., a Chicago-based solutions provider for the energy, food processing and air transportation industries,has purchased a little more than 8.3 acres in the city's northern tier for an expansion play. Meanwhile, a couple has purchased slightly less than seven acres in northwest Houston to build an office-warehouse for ABCO Beauty Supply and Distribution.
FMC's land buy abuts its existing office at 1803 Gears Rd. Edwards, who has represented FMC, tells GlobeSt.com the deal opens the door for construction of an office building or storage facility. Edwards says the parcel could handle an office building of up to 25,000 sf. Keith P. Grothaus, also of Caldwell Watson, represented the seller, 8.34 Ltd.
In another land sale, Grothaus has brokered slightly less than seven acres along Beltway 8 between Clay Road and Tanner Road in northwest Houston. Grothaus and Stuart Kensinger of the Kensinger Co. represented the seller, Phil Kensinger.
Shahpar and Sharon R. Razman have purchased the Beltway 8 site, where they plan to construct an office-warehouse building for ABCO Beauty Supply and Distribution. Farrah Cooper of Ivy Custom Homes acted on the buyers' behalf.
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