Fort Bend County, Texas
TXI assigned Colliers for disposition a unique 1,100 acres of vacant land along the south side of the Westpark Toll Road between Hwy 6 and Grand Parkway in Fort Bend County.
The Challenge...
The site had been “minded” by TXI for 30 years during which time TXI cut out the top 4 to 6 feet of soil to burn in a high temperature kill in order to produce a light weight rock for concrete and cement block.
Colliers branded the site TerraVista Lakes and offered the property on a web based platform via “call for offers.”
Colliers co-created and co-managed the www.TerraVistaLakes.com website to market the property and distribute due diligence material to prospective qualified buyers. This secure web site helped track buyer interest and activity, reduced due diligence time, and qualified best buyer.
Sale included private benefit conveyances and entitlement constraints plus the seller desired a closing time of six months.
Results...
The sale and marketing process commenced January 6, 2006 with broad public advertising/press coverage and closed within 5 months on May 31, 2006.
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