July 13, 2018
Houston industrial and office developer Wolff Cos. acquired 521 acres in Waller County from the Schild Family. The new owner, which paid between $15 million-$20 million for the acreage, is planning a mixed-use development dubbed Beacon Hill, that will hold light industrial, office and single-family homes. Even better is that the land sits high above sea level, which is somewhat of a rarity in the Greater Houston area.
“300 feet above sea level . . . is sort of unheard of in Houston,” Wolff told the Houston Business Journal. Wolff was self-represented in the land transaction. CBRE’s Alex Markis and Jeff Pittman and Yellow Rose Realty’s Candy Schild represented the Schild family.
Wolff sold 270 acres of the land in the far northwest Houston metro to single-family developer Long Lake Ltd., which is planning to build 1,000 homes. The first lots should deliver in January 2020. Meanwhile, Wolff will soon launch construction on the light industrial development component.
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