The Blinn College District has acquired a development site comprising 100 acres located at Fm 2920 & Binford Road in Waller, TX. The asset is part of a planned town center development that is designed to attract retail and residential users. The purchase was finalized on October 23, 2024, though the sale price has not been disclosed.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Undisclosed
• Address: Fm 2920 & Binford Road
• Market: Waller
• Acres: 100
• Buyer: The Blinn College District
• Seller: Peter Terpstra - Terpstra & Associates
• Broker: Justin Whitworth - Oldham Goodwin

The acquisition by the Blinn College District is targeted for developing a new campus, with plans to initiate the sale of retail parcels in approximately 18 months. Peter Terpstra, representing Terpstra & Associates, facilitated the transaction, while Justin Whitworth of Oldham Goodwin acted as the broker for the deal.