Sale of 65-acre bank-owned land parcel in northeast Houston closed by HFF

HOUSTON, TX – HFF announced today that it has closed the sale of a 65-acre, bank-owned tract of land along Beltway 8 in northeast Houston.

HFF represented the seller, City Bank.  Trillium Group purchased the property for an undisclosed amount. 

The property consists of two sites, a 64.06-acre site at the intersection of Beltway 8 and West Lake Houston Parkway, and an 0.85-acre pad site on the southern side of West Lake Houston Parkway. 

The site is “development ready” with utilities to the site, curb cuts and detention.  Potential uses include a retail power center, multi-housing, medical, office or industrial use.

The HFF investment sales team representing the seller was led by managing director Davis Adams (middle right photo).

Trillium Group (“Trillium”) is a commercial retail development and real estate investment company with offices in Houston, Texas. 

Trillium’s Principals Sandy P. Aron (lower left photo) and Darryl T. Robinson have over 40 years of combined experience in the acquisition and development of commercial real estate and have acquired, managed, and developed more than 2.0 million square feet of commercial space with a market value in excess of $500 million.

Contacts:

 DAVIS ADAMS ,

HFF Managing Director,

 (713) 852-3500,

dadams@hfflp.com                                 ,

KRISTEN MURPHY,

HFF Associate Director, Marketing,

 (713) 852-3500

krmurphy@hfflp.com