John C. Duffie, a partner with locally based Nelson DuffieInterests, says he and Richard R. Nelson III of Houston bought theacreage about 18 months ago in the 170-acre Brookhollow BusinessPark, a development by Wolff Cos. of Houston. Part of Duffie'sacreage will be used as a detention and mitigation pond, leavingnine acres at Gessner and Emmott roads available for development.The estimated build-out coverage is 30%.


"As soon as we finish the detention pond, we'd like to sell theremainder or we could find ourselves developing it," Duffie says."We really haven't determined an end use for it yet." The just-soldland was marketed for $4.50 per to $5 per sf. Duffie has dubbed hisfoothold in the park as Brookhollow Commercial Reserves.


Duffie tells that Teal Construction has startedmoving dirt for its building as work progresses on the detentionpond. Locally based Herztein is planning a speculativefreestanding, tilt-wall warehouse and distribution center, but itsconstruction timeline isn't available, according to Duffie.


Marshall Davidson and Graham Horton, directors with Cushman andWakefield of Texas Inc. represented Duffie Interests in the landsale to Houston-based Teal Construction. R. Conrad Bernard, abroker with Boyd Commercial LLC of Houston, negotiated the deal forHerzstein.

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