Real estate transactions: Wolff Cos. acquired an additional 22.7 acres along U.S. 290
By Katherine Feser, Houston Chronicle
Houston-based Wolff Cos. acquired an additional 22.7 acres along U.S. 290, between Beacon Hill and FM 362, from the McCaig Family Limited Partnership to expand its Beacon Hill mixed-use development in Waller County. A portion of the tract will be dedicated to drainage and detention, with nearly 11 acres of the land available for future commercial development. The purchase, along with a previous expansion, brings the Beacon Hill development to 587 acres, including a business park along U.S. 290 and a residential subdivision on the northern 270 acres.
“The McCaig property is a natural extension of our Beacon Hill project,” Wolff Cos. Chairman David S. Wolff said in an announcement. “As Houston continues its rapid westward growth, Waller County is becoming a major hub for global manufacturing and logistics.”
Hines acquired 78 acres in Beacon Hill in January for a future build-to-suit project that can accommodate up to 1.3 million square feet of distribution, manufacturing or logistics space. Long Lake Ltd. is developing Beacon Hill, planned for 870 homes, of which 60 have been built and 50 are in various stages of construction.
For the complete article, please go to:
https://www.houstonchronicle.com/business/texas-inc/article/Real-estate-transactions-Investor-buys-9-story-17455714.php