Colliers is pleased to announce two recent transactions in Tomball Business and Technology Park located at the NWC of Holderrieth and Hufsmith-Kohrville in Tomball, Texas.
CCJ Collaborations, LLC purchased Lot 16, ±4.65 acres of land, from Tomball Economic Development Corporation (TEDC). CCJ Collaborations plans to build and occupy a ±10,500 square foot brewery and restaurant on the lot. The buyer, Chris Juergen and Joshua Schwaiger of CCJ Collaborations, was represented by Ryan Hutson with the J. Beard Company.
To still allow for a larger development site at the park, TEDC has purchased and reacquired ±10.6 acres of land from Packers Plus Energy Services located at the southeast corner of Spell Road and South Persimmon Road. This lot in combination with Lot 8, an existing ±7.8 acres, will provide ±18.4 acres of contiguous available land. The seller, Packers Plus Energy Services, was represented by Kristian Nielsen with NGKF.
Tom Condon, Jr., senior vice president, of Colliers in The Woodlands, represented Executive Director Kelly Violette and Board President, Mayor Gretchen Fagan at Tomball Economic Development Corporation (TEDC) in both transactions. Jane Matthews with Stewart Title in Tomball coordinated the closings.
The Tomball Business and Technology Park is located in the North Freeway/Tomball Parkway industrial submarket. The submarket added 3.1 million square feet of new industrial/flex product in 2020. Overall occupancy is 87% and the average asking rental rate is $8.48 per square foot.
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