HOUSTON--Boyd Commercial LLC/CORFAC International has closed the sale of the 21-acre Houston property to Summer Street Retail LP, a business entity backed by Gulf Coast Commercial Group.
Industry sources have confirmed the sales price was $40 million.
Previously owned by Texas Tile Manufacturing LLC, an affiliate of Tarkett USA Inc., the property was marketed for sale by Conrad Bernard, principal with Boyd Commercial/CORFAC International, as well as the firm's founder, J. Michael Boyd. They were the only brokers involved in the sale transaction.
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