(Read more on the industrial market.)

MISSOURI CITY, TX-After an 18-month search of sites in Greater Houston, Ben E. Keith Co. has settled on 82.2 acres of rail-served property in Fort Bend County’s Beltway Crossing Business Park. Other acreage in the area has sold for $2.50 per sf to $5.50 per sf while similar-size parcels in the park have been listed for $206,000 per acre.

Fort Worth-based Ben E. Keith’s broker, Jude Filippone, vice president of locally based Transwestern, says the decisionmakers were the accessibility to the Port of Houston and the rest of the region via Beltway 8. The parcel is situated at the junction of Gessner and Cravens roads. The distributor bought the land from the 330-acre park’s local developer, BC Business Park, which was self-represented.

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