Although specific construction costs were not available, landcosts in the submarket range from $4 per sf to $5 per sf. Thebuyer's broker, Andrew W. Sowell with Boyd Commercial LLC, says theland at Tanner and Windfern roads provided the best layout forHeadworks as well as the best location for the company. Hepartnered with Boyd Commercial president J. Michael Boyd on behalfof the buyer.

Sowell says Headwinds wanted to move to the northwest submarketbecause its customer and employee base are there. The 5.1-acresite, bought from MTZ & Gupta Investments of Houston, also fitinto Headworks' plan for a LEED-certified building because theacreage boasts many old oak trees, some more than 100 yearsold.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.