10-Acre Site Sold in Missouri City for Hotel and Warehouse Development

Source: Colliers International

MISSOURI CITY, Texas — Colliers International has completed the sale of 10 acres along Beltway 8 in Missouri City, intended for the development of a hotel and several office-warehouse buildings. The property sits near the intersection of Sam Houston Parkway and McClain Boulevard, a strategic location for both hospitality and industrial uses.

MAA Hospitality purchased a 1.4-acre parcel to develop a Crystal Inn hotel. Graniti Vicentia Realty LLC acquired the remaining 8.3 acres for industrial development, signaling continued demand for distribution and light industrial space in the area.

Tom Condon Jr. of Colliers International represented the seller, Al-Attas Babidan Basmaih Joint Venture. Claude Angelo of Belt International Realty Company represented both buyers, facilitating the transactions. David Pitschmann with Alamo Title Company coordinated the closing process.

The site is located just north of U.S. 90A and borders Gateway Southwest Industrial Park in Harris County, giving the development convenient access to regional transportation routes and existing industrial infrastructure. The combination of hotel and industrial uses is positioned to serve visitors and businesses drawn to the growing commercial corridor along Beltway 8.

Oct. 1, 2017 Realty News Report Copyright 2017