Creacom, which currently leases a smaller space in north Houstonnear I-45 and West Road, plans to build a 25,000-square-foot to30,000-square-foot operations center in Tomball South BusinessPark, according to David Butler of Colliers International's Houstonoffice. He represented the seller, 2978 Industrial Properties LLC,a group of private investors from Houston. Creacom was representedby Janet Lucy of Carswell Real Estate.

Butler tells GlobeSt. that Creacom bought enough land toconstruct a facility with a large yard for storage – a hard-to-findamenity for smaller industrial buildings. The acreage also offersfrontage on the heavily traveled Hufsmith-Kohrville Road andprovides quick access to Tomball Parkway (Highway 249) and FM2920.

Butler notes that most land in Tomball is restricted withmineral rights or easements, given its previous history as an oiland gas field. In contrast, Tomball South Business Park has no suchrestrictions. The park, which is served by City of Tomballutilities, has several sites available for sale, lease orbuild-to-suit from one acre to 16 acres. Butler has been marketingthe park since early 2009.

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.