Tomball Economic Development Corp Purchases Industrial Property
The Tomball EDC acquired 6.2 acres in Tomball. Collier’s Tom Condon represented the buyer.
HOUSTON – Colliers International facilitated the acquisition of 6.2 acres of land, including two industrial warehouse buildings totaling 41,076 square feet, located at 202 and 204 South Live Oak in Tomball, Texas.
The seller, South Live Oak Associates, L.P., was represented by Natalie Hurley of Register Real Estate Advisors Commercial. Tom Condon, Jr., senior vice president of Colliers International in The Woodlands, represented the buyer, Tomball Economic Development Corporation. Jane Mathews with Stewart Title – Tomball coordinated closing services for the transaction.
The Tomball Economic Development Corporation plans to hold the two existing warehouses as an investment and to develop a mixed-use concept for the remaining vacant land. At the time of acquisition, one warehouse is leased and the other is vacant; the vacant building will be marketed for lease in the near term.
The property sits within the North Freeway/Tomball Parkway submarket, a strategic industrial corridor between Highway 249 and I-45 North. This submarket contains roughly 30 million square feet of industrial and flex inventory and is the second-largest of four submarkets in Houston’s North industrial area. With an occupancy rate of approximately 86.2 percent, the submarket has recently experienced notable momentum: annual absorption has increased by about 35.7 percent, and nearly 1 million square feet of industrial space is currently under construction in the area. These trends reflect growing demand for industrial and distribution facilities serving the broader Houston market.
As municipal and private stakeholders pursue new industrial, logistics, and mixed-use projects in Tomball, acquisitions like this one demonstrate a focus on preserving existing income-producing assets while planning for future redevelopment that supports local economic growth. The buyer’s intent to combine long-term asset ownership with a mixed-use vision for the vacant parcel allows flexibility to respond to market demand—whether for additional industrial space, service-oriented uses, or complementary commercial development—while maintaining an immediate revenue stream from the leased building.
Market observers note that the North Freeway/Tomball Parkway submarket’s vacancy and construction dynamics present opportunities for investors and occupiers seeking proximity to Houston’s highways, labor pools, and distribution networks. The submarket’s ongoing absorption and active construction pipeline suggest continued interest from companies requiring industrial, warehousing, and flex space in the region.
