David Boyd with the Houston office of Boyd Page Commercial RealEstate Services represented the buyer, which now occupies a leasedsite of about 10,000 sf along Guhn Road in the northwest corridor.He tells GlobeSt.com that a late summer ground-breaking is plannedfor the southeast corner of Fallbrook Drive and Windfern Road nearthe Sam Houston Tollway. Construction will take about sixmonths.

Seller Berkley Capital, a Greenville, SC-based investment group,was represented by Dick Gould of McDade, Smith, Gould, Johnston,Mason & Co. in Houston. Gould says the parcel was carved fromabout 26 acres that Berkley has had on the market for some time.The Harris County Appraisal District has assessed Berkley's landholdings in the area at roughly $2.4 million.

The land sale was a "logical progression," Gould explains,adding the acreage sits in middle of a development path ofindustrial, service center and office parks that have sprouted upalong the Sam Houston Tollway between Town & County Mall andTexas 249. The Marshall, Neil & Pauley tract is positioned atthe extreme northwestern end of the construction swath, but isstill in close proximity to other office, industrial andresidential developments.