HOUSTON-Marshall, Neil & Pauley, a Houston distributor of HVAC and mechanical equipment, has purchased a 4.3-acre site in the city’s far northwest submarket for a 35,000-sf headquarters building. The land has sold for close to the asking price of $2.75 per sf or $518,691.

David Boyd with the Houston office of Boyd Page Commercial Real Estate Services represented the buyer, which now occupies a leased site of about 10,000 sf along Guhn Road in the northwest corridor. He tells GlobeSt.com that a late summer ground-breaking is planned for the southeast corner of Fallbrook Drive and Windfern Road near the Sam Houston Tollway. Construction will take about six months.

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 from about 26 acres that Berkley has had on the market for some time. The Harris County Appraisal District has assessed Berkley’s land holdings 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 of industrial, service center and office parks that have sprouted up along the Sam Houston Tollway between Town & County Mall and Texas 249. The Marshall, Neil & Pauley tract is positioned at the extreme northwestern end of the construction swath, but is still in close proximity to other office, industrial and residential developments.

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