August 19, 2020
Houston – Transwestern Real Estate Services (TRS) announces it negotiated the sale of a 119.7-acre tract at the southwest corner of FM 2920 and Telge Road in Tomball, Texas. An affiliate of Silvestri Investments purchased the site for an undisclosed price from Martens Land Gershaft, which was represented by Transwestern Vice Presidents Carlos P. Bujosa and A. David Schwarz III, SIOR.
“This property is at a key intersection in the heart of Tomball with quick access to both Highway 249 and Grand Parkway with excellent future development potential for either residential or mixed-use,” said Schwarz.
Located in the rapidly growing area of northwest Houston, this is a prime site for residential and commercial development. It is approximately 2 miles from major Houston thoroughfares, including Grand Parkway, and only 20 minutes from the Exxon Mobil campus.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.