Houston-based real estate firm buys 214-acre parcel for industrial park on Beltway 8
One of the largest undeveloped tracts fronting Beltway 8 was sold to a Houston-based real estate investment and development firm, which plans to break ground on a massive industrial park.
Investment & Development Ventures purchased the 214-acre property from the Texas General Land Office, which was acting on behalf of the Texas Permanent School Fund. The fund has owned the property since 2006, according to a news release.
Terms of the all-cash sale were not disclosed.
The property is located…
