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Colliers finalizes sale of commercial building in Tomball, Texas

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HOUSTON - Rezul -- Colliers is pleased to announce the sale of a commercial property on ±1.89 acres at 823 East Main Street in Tomball, Texas. The buyer, Johnny C. Foster, was represented by H. Wayne White of Fielding Vaughn Real Estate Group. Tom Condon, Jr., John Grimsley, Mike Taetz and Bill Byrd of Colliers represented the seller, Fastenal Company, in the transaction.

"Given the strong demand for stand-alone buildings under 10,000 square feet in Tomball, Colliers was able to generate multiple offers on the property shortly after taking the deal to market," said Tom Condon, Jr. of Colliers. "The sale was closed with one of the initial offerors on terms that met the seller's disposition objectives."

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The building has ±6,000 square feet of mostly showroom space. It sits on East Main Street (FM 2920) with close access to State Highway 249, Grand Parkway (99) and Hooks Airport.

The City of Tomball is home to more than 1,500 businesses and nearly 14,000 employees. Tomball is currently growing at a rate of 4% annually, with a 12.5% population increase since the 2020 Census.

See the full article here: https://www.colliers.com/en/news/houston/main-street-2023-09-12

Crystal Kingsbury

Source: Colliers | Houston
Filed Under: Real Estate

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