X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Bob Heckeroth of Performance SAAB of Houston has acquired 6.8 acres along Memorial Drive, which parallels Texas 59 North in Humble, a northern suburb of Houston. The plan is to open a dual dealership for SAABs and Mitsubishis.

WCR Properties of Humble sold the land, which is adjacent to Robbins Chevrolet and Robbins Nissan. The asking price for the dealers’ row land along Memorial Drive was $1.8 million. The Harris County Appraisal District pegged the property’s 2002 assessment at $895,100.

Heckeroth, who owns a Performance SAAB at 10505 Southwest Freeway, tells GlobeSt.com that ground will break in two weeks, with delivery planned for summer 2003. He says the entire tract will be built out. The plan is to construct a 25,000-sf office/showroom and use the balance of the tract for parking lots and display.

Marc Drumwright of Houston’s Southwest Realty Advisors represented the buyer. Giammalva Properties of Houston acted for the seller.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.