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Colliers sells ±2.97 acre land tract near Will Clayton Parkway in Humble, Texas

Houston, August 8, 2022 - Colliers is pleased to announce the sale of a ±2.97 acre land tract (Reserve G) located near Will Clayton Parkway on Timber Forest Drive in Humble, Texas. The buyer, MikeNPrang, LLC, was represented by Rick Trevino of Loyal Texas Properties. Tom Condon, Jr. of Colliers represented the seller, Patricia Al-Attas Barrett, in the transaction.

 

The buyer purchased the land tract to develop a facility for the assemblage and sale of mobile security camera trailers. The organization primarily operates in the electrical supplies business and industry within the wholesale trade - durable goods sector. The organization has been operating for approximately 23 years.

 

The subject property is located east of Highway 59, south of FM 1960 and north of Will Clayton Parkway. The property is surrounded by several new businesses such as Avalon Memory Care and Tommy's Car Wash with more proposed retail tracts to be developed soon. It is situated in an area with strong demographics drawing from the communities of Humble, Kingwood and Atascocita.

 

The property is located in Houston's Lake Houston retail submarket. The submarket contains 5.8 million square feet of retail space which is currently 96.3% occupied. There are 45,300 square feet of retail space currently under construction in the submarket. The average asking market rental rate is $20.70 per square foot.

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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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