(Read more on the industrial market.)
MISSOURI CITY, TX-After an 18-month search of sites in GreaterHouston, Ben E. Keith Co. has settled on 82.2 acres of rail-servedproperty 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 sfwhile similar-size parcels in the park have been listed for$206,000 per acre.
Fort Worth-based Ben E. Keith's broker, Jude Filippone, vicepresident of locally based Transwestern, says the decisionmakerswere the accessibility to the Port of Houston and the rest of theregion via Beltway 8. The parcel is situated at the junction ofGessner and Cravens roads. The distributor bought the land from the330-acre park's local developer, BC Business Park, which wasself-represented.
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