Search
 

Betz Eyes Resale Promise for 38 Acres

HOUSTON-Betz Cos. gets its hands on one of the last undeveloped land sites near the busy intersection of Beltway 8 and Texas 249. The plan is to subdivide the land and resell it for office, retail or office/warehouse use.

By Jennifer Brenner Andrade | Updated on April 19, 2004

HOUSTON-An investment group led by the Betz Cos. of Houston has purchased 38 acres on the southeast corner of Beltway 8 and Texas 249 in the northwest submarket, eyeing a plan to subdivide and resell for development into office, retail or office/warehouse use.

The acreage, assembled from three tracts, will require extra infrastructure work before it can be divvied into smaller parcels for development, Ron Dagley with the Betz Cos. tells GlobeSt.com. The land developer intends to ask $4 per sf to $6.50 per sf for the sites.

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.