BRAZORIA COUNTY, TX-IP Farms Inc. has sold more than 700 acres to three investors in an ongoing disposition of 22,216 acres once used to commercially produce rice. The Chocolate Bay acreage is situated at the mouth of the Chocolate Bayou in the western quadrant of Brazoria County, southwest of Houston.

John F. Littman and B. Kelley Parker, both with the Houston office of Cushman & Wakefield of Texas Inc., conducted two sealed bids for the land. To date, closings have been held for 12,836 acres, Littman tells The latest closings put 381 acres into the hands of investors Joe Salidino and Robert Goode and 333 acres under the control of Terrance Hlavinkia Cattle Co.

The Salidino-Goode acreage is situated at County Road 48 and Texas 288. Litman says they initially intend to use the land to grow rice, but the investment nature of the acquisition could bring a change down the road. The Terrance Hlavinka Cattle Co. also will be commercially producing rice on its land at FM 2917 and FM 2004.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt. NET LEASE Fall 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.