UCR Announces Sale of 653,400 Square Foot Tract Owned by Grocers Supply
HOUSTON, Texas, January 15, 2014 – Today UCR, a leading retail real estate services provider, announced the sale of 653,400 SF warehouse tract of land owned by The Grocers Supply Co., Inc. at the Southwest corner of I-10 East and Studemont in Houston, Texas. The area, located near the Heights, the Washington Corridor, Midtown and Downtown Houston, has seen a sharp increase in redevelopment to keep up with the influx of new residents to the area.
The 653,400 sf tract of land was sold to Capcor Partners and Kaplan Management for the development of a multifamily and mixed-use retail project. Lance Gilliam, Joe Silver and Ed James of UCR Houston represented the seller. Jerry Turboff of Prime Capital Corporation represented the buyer.