Alexander Ron & Daniel Ron Acquire Development Site At 707 Walnut Street In Houston

The property involved in this transaction is a development site located at 707 Walnut Street in Houston. The total square footage of the asset is 45,000, and it is an early 1900s warehouse. The property is set to be converted to Class A mixed-use and a concert venue in the Downtown Warehouse District.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not disclosed
• Address: 707 Walnut Street
• Market: Houston
• Asset Size: 45,000 SF
• Buyer: Alexander Ron & Daniel Ron
• Broker: Derick Perkins & Kyle Fischer - Alpine Partners

Alpine Partners brokered the sale and facilitated this transaction, which was purchased to complete Scarlet Capitals' Houston Downtown/Northside assemblage.