(To read more on the industrial market, click here.)

HOUSTON-A local investment fund is selling one of the largest land blocks in some time to come to market inside the loop. The 8.6-acre tract, assessed at $15 million, now holds warehouses with tenants on short-term leases and long-term promise of a creative redevelopment.

"This is in a corridor that's been industrial forever and has just been filling in over the past few years with townhomes," says Jeff Lindenberger with McDade, Smith, Gould, Johnston, Mason & Co. in Houston. The infill tract takes up the corner of Studemont Street and Interstate 10.

"We figured we'd let the market determine the best use and the highest price for it," Lindenberger tells GlobeSt.com. "There are not, that I can think of, a whole bunch of large, developable tracts in Houston, especially inside the loop. It's a real scarcity these days to see a one- or two-acre tract on the market--8.6 acres is a significant size." He and colleague Todd Mason are marketing the site, with the call for offers set to sound Aug. 15.