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Colliers International announces the sale of 2.97 acres on Timber Forest Drive in Humble

Land Sale.

Colliers International is pleased to announce CIA Services, Inc. has purchased tract H, a 2.97 acre tract of land, located on Timber Forest Drive in Humble, Texas. CIA Services provides professional community association management to property owner and homeowner associations. CIA Services plans to build a 10,000 square foot office building on the land tract becoming their third location in the Houston area.

 

The buyer was represented by Dan F. Boyles and Liz Westcott-Brown of NAI Partners. The seller, Patricia Al-Attas Barrett et al, was represented by Tom Condon, Jr., senior vice president of Colliers International in The Woodlands.

TractH_PR_photo

The Atascocita/Lake Houston submarket area is situated just west of Lake Houston, a popular recreation and growing residential suburb of Houston. The Northeast Outlier office submarket consists of just under 1 million square feet, and is well leased, boasting a 95.7% occupancy rate. The submarket has posted positive absorption, and rent growth has increased by 0.5%.


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Tom Condon Jr.

Principal

Houston - The Woodlands

With more than 30 years of real estate experience, Mr. Condon joined Colliers brokerage team in 2013.  Mr. Condon is known for providing his clients a distinct advantage in the successful resolution of the challenges faced in today’s real estate market.

Immediately prior to joining Colliers, Mr. Condon was with The Betz Companies for 19 years during which he specialized in investment properties, land transactions (including commercial industrial and residential tracts), and the sale of commercial (office and industrial) buildings. Mr. Condon spent the first nine years of his business career with First City Bancorporation in multiple assignments involving operations, leasing, commercial and real estate lending, loan work-outs and ultimately managing and marketing a diversified portfolio of foreclosed properties. Mr. Condon also spent three and a half years with Banc One’s Bonnet Resources Corporation expanding his expertise in the marketing and disposition of an even wider array of assets in Texas and other states.

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