Search
 

Hardy Puts Up $1M for 84 Lumber Site

HOUSTON-Hardy Management, the real estate arm for 84 Lumber, scoops up nearly 12 acres in the southwest submarket to add a sixth retail outlet in the metro to its portfolio. A groundbreaking and building size are still being worked out.

By Amy Wolff Sorter | Updated on August 25, 2005

HOUSTON-Hardy Management LLC, on behalf of 84 Lumber Co., has purchased nearly 12 acres from Pavestone Co. LP of Dallas for $1 million or $200,000 less than the ask to get a sixth location in the Greater Houston metro.

The building materials supplier from Eight Four, PA tapped land at 11203 Texas 3 (Galveston Road) near Beltway 8 on the southwest side of town. A groundbreaking date and building size have yet to be determined.

“The land was on the market for about four months. We just received the one offer,” says Chris Kugle, an associate with NAI Houston, who represented Pavestone in the sale. Bob Chuoke of Clear Lake Realty negotiated for Hardy Management, owned by Joe Hardy, a multimillionaire who developed the world-class Nemacolin Woodlands Resort & Spa in Western Pennsylvania and was dubbed a British lord in the 1990s.

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.