HOUSTON – Investment & Development Ventures LLC (IDV) has purchased 214 acres at Beltway 8 and Martin Luther King Blvd. from the Texas General Land Office.
The buyer plans to build an industrial park on the land, which fronts the Sam Houston Tollway. Groundbreaking is set for later this month.
The seller acted on behalf of the Texas Permanent School Fund, which owned the land since 2004.
The Real Estate Center has more on the Houston-area industrial market:
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