Industrial Sale

Colliers International is pleased to announce the acquisition of 6.2 acres of land including industrial warehouses totaling 41,076 square feet at 202 and 204 South Live Oak, Houston, Texas. The seller, South Live Oak Associates, L.P., was represented by Natalie Hurley of Register Real Estate Advisors Commercial. Tom Condon, Jr., senior vice president of Colliers International in The Woodlands, represented the buyer, Tomball Economic Development Corporation, in the transaction. Closing was coordinated by Jane Mathews with Stewart Title - Tomball.

Tomball Economic Development Corporation plans to hold for investment purposes the two existing warehouses and create a mixed-use vision for the vacant land. One warehouse is currently NNN leased with plans to market the vacant second facility for lease in the near future.

The North Freeway/Tomball Parkway submarket, strategically located between Highway 249 and I-45 North, encompasses 30 million square feet of industrial and flex space. The submarket, which is 86.2% occupied, is the second largest of the four submarkets located in Houston’s North industrial corridor. Annual absorption has increased by 35.7% and there are close to 1 million square feet under construction in the North Freeway/Tomball Parkway submarket.

About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at  corporate.colliers.com, Twitter @Colliers or LinkedIn.