Houston, March 31, 2022 – Colliers is pleased to announce the sale of ±4.8 acres (Lot 3) in Tomball Business and Technology Park located on South Persimmon Street in Tomball, Texas. The buyer, Ralco Houston, Ltd., was represented by Randy Nerren of NewQuest Properties. Tom Condon, Jr., Principal of Colliers in The Woodlands, represented the seller, Tomball Economic Development Corporation (TEDC), in the transaction. Jane Mathews with Stewart Title in Tomball coordinated the closing.

Ralco Houston purchased Lot 3 with plans to build a 45,500 square foot distribution center for the Billiard Factory in Phase I, with the ability to expand an additional 20,250 square feet in Phase II.

Tomball Business and Technology Park is a ±100 acre master planned and deed-restricted business park situated just east of the Tomball Tollway along Holderrieth Road and Hufsmith Kohrville Road. The industrial park features light industrial zoning, fully served with all utilities, and easy access to SH 249, FM 2920 and the Grand Parkway.

The property is located in Houston’s North Freeway/Tomball Parkway industrial submarket. The submarket contains 38.7 million square feet of industrial space, which is currently 94.6 percent occupied. The average asking market rental rate is $8.69 per square foot and there is 466,000 square feet of industrial space currently under construction in the submarket.