Eastbourne Investments Sells 1.5-Acre Pad Site

HOUSTON-Williamsville, NY-based Eastbourne Investments has sold 1.5 acres, part of a 55-acre tract for sale, at the northwest side of Texas Highway 249 and Northpoint Boulevard in far northwest Houston to Southtrust Bank for the development of a banking facility. Eastbourne also owns 25 acres on the southwest side of the property.

A spokesperson for the firm tells GlobeSt.com this parcel is under contract and will close in the next 45 days. The spokesperson wouldn’t disclose the selling price, but did say that it fell within the $750,000 to $1 million range.

Chris Winters with the Houston office of Colliers International represented Eastbourne in the Southtrust sale and is marketing the other adjacent properties. The land sits near the entrance to the newly constructed Canyongate residential development near the northwest Houston suburb of Tomball, TX.

The spokesperson notes Eastbourne owns several other Houston properties, including a Kroger-anchored shopping center one exit south of these properties, a Whole Foods-anchored shopping center in the Bellaire area of south Houston and is getting ready to close on 25 acres near Fry Road and the Grand Parkway in the south suburb of Katy.