Colliers is pleased to announce Tomball Economic Development Corporation’s successful sale of ±17.67 acres (Lot 308) at the southeast corner of Spell Road and South Persimmon Road in Tomball Business & Technology Park. The buyer, Chrismas Interests LLC, was represented by Will Condrey with Cresa Global, Inc. Tomball Economic Development Corporation was represented by Tom Condon, Jr. and John Grimsley of Colliers. The property closing was coordinated by Jane Mathews and Erin O’Neal of Stewart Title – Tomball.
Chrismas Interests purchased Lot 308 with plans to build and develop the property for Walsh & Albert and Metal Zinc. Walsh & Albert manufactures and supplies HVAC ductwork, while Metal Zinc manufactures and supplies HVAC and refrigerant sheet metal products.
Tomball Business & Technology Park has been named a Top 10 U.S. business park for two consecutive years. Companies already in the ±100-acre master planned and deed-restricted business park have created more than 500 jobs and added nearly $85 million in capital investment to the City of Tomball, according to Kelly Violette, Executive Director of the TEDC.
“TEDC has developed a top-rated business park that continues to create jobs and generate tax revenue for the city,” explained Violette. “We are extremely proud of the Park’s success and the companies that have chosen to call the Tomball Business & Technology Park home.”
As TEDC wraps up its decade-long development project with this business park, Violette said the corporation is “excited and looking forward to continuing to invest in Tomball’s future”. TEDC purchased South Live Oak Business Park in 2020 with plans to redevelop the site into a mixed-use project. Last month, TEDC closed on another key site in Old Town Tomball, the First Baptist Church property. According to Violette, both properties are in the planning stages.
Tomball Business & Technology Park is situated just east of the Tomball Tollway along Holderreith Road and Hufsmith-Kohrville Road. The industrial park features light industrial zoning, is fully served with all utilities and has easy access to SH 249, FM 2920 and the Grand Parkway. With the sale of this ±17.67-acre property, Tomball Business & Technology Park is 100% sold out.
“The addition of Chrismas Interests’ planned ±195,421 square foot Phase I building, together with Hoelscher Weatherstrippings ±193,000 square foot facility, will anchor and balance the south end of the park,” said Tom Condon, Jr., Principal with Colliers. “The park now boasts a diverse mix of occupiers that should bode well for the long-term success of this project.”
Tomball Economic Development Corporation was formed in 1994 and is governed by a seven-member Board of Directors appointed by the Tomball City Council. TEDC is committed to promoting economic development in the City of Tomball by providing resources that will benefit the community at large attracting new businesses while retaining existing businesses. Tomball is “Shaped by Culture. Driven by Commerce. Connected by Community.”
The City of Tomball is home to more than 1,500 businesses and nearly 14,000 employees. Tomball is currently growing at a rate of 4% annually, with a 12.5% population increase since the 2020 Census.
For information about Tomball Economic Development Corporation visit the TEDC Website.
About Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
