John LaRue Of LaRue Retail Advisors Acquires Development Site In Houston For $2.52M

This transaction involves a 1.59-acre retail development site located at the northwest corner of FM 2920 and Gosling in Houston. The asking price and final sale price for the property were both $2,520,000, encompassing a total square footage of 69,260, which translates to a price per square foot of $36. The site is prominently situated across from HEB and benefits from a traffic volume of over 50,000 vehicles per day on FM 2920 and Gosling Road.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,520,000
• Buyer: John LaRue - LaRue Retail Advisors
• Seller: Khizar Hanif & Shaheed Kajani - Blackhawk Real Estate Partners
• Buyer's Representative: John LaRue - LaRue Retail Advisors
• Seller's Representative: Kristen Barker

This deal was facilitated by the representatives of both the buyer and the seller, highlighting the involvement of John LaRue in representing the buyer and Kristen Barker representing the seller. Blackhawk Real Estate Partners has noted its decision to sell this prime development site, emphasizing its attractive location and potential for retail development.