Search
 

Industrial Site Sells to Residential Developer

HOUSTON-The 214,831-sf door manufacturing facility at 5401 Lawndale St., just four miles southeast of the CBD, sells to Caspian Homes. The listing was on the market for 1.5 years, baiting several offers--all from residential developers.

By Jennifer Brenner Andrade | Updated on December 28, 2003

HOUSTON-Another manufacturing site has been snatched up by a residential developer seeking to feed the appetite for in-town living options in Houston.

Locally based Caspian Homes has acquired 5401 Lawndale St., a former door manufacturing facility situated about four miles southeast of the downtown. The buyer did not return telephone calls by publication time for comment about its plans for the site, which was on the market about 1.5 years. The listing received several offers, all from residential developers, John M. Talhelm in the Houston office of Cushman & Wakefield of Texas Inc. tells GlobeSt.com of the disposition by Woodlands Millwork I Ltd., a Masonite Corp. subsidiary that moved out of state.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.