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HOUSTON-In back-to-back closings, Nelson Duffie Interests Inc. has sold 11.89 of its 25 acres in Brookhollow Business Park in the northwest submarket. Teal Construction Co. has taken 3.89 acres to build its 40,000-sf headquarters while Herzstein Investments Inc. bought eight acres for spec projects.

John C. Duffie, a partner with locally based Nelson Duffie Interests, says he and Richard R. Nelson III of Houston bought the acreage about 18 months ago in the 170-acre Brookhollow Business Park, a development by Wolff Cos. of Houston. Part of Duffie’s acreage will be used as a detention and mitigation pond, leaving nine acres at Gessner and Emmott roads available for development. The estimated build-out coverage is 30%.

“As soon as we finish the detention pond, we’d like to sell the remainder or we could find ourselves developing it,” Duffie says. “We really haven’t determined an end use for it yet.” The just-sold land was marketed for $4.50 per to $5 per sf. Duffie has dubbed his foothold in the park as Brookhollow Commercial Reserves.

Duffie tells GlobeSt.com that Teal Construction has started moving dirt for its building as work progresses on the detention pond. Locally based Herztein is planning a speculative freestanding, tilt-wall warehouse and distribution center, but its construction timeline isn’t available, according to Duffie.

Marshall Davidson and Graham Horton, directors with Cushman and Wakefield of Texas Inc. represented Duffie Interests in the land sale to Houston-based Teal Construction. R. Conrad Bernard, a broker with Boyd Commercial LLC of Houston, negotiated the deal for Herzstein.

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