SOLD
Johnson Developmen Acquires Development Site From George Foundation In West Fort Bend
FM 2977 at Koeblen Road
Development Site
Sold 59 days ago
Summary
Sale
TEXAS
Development Site
A Houston-based firm, Johnson Development, acquired a 1,500-acre tract of land in Fort Bend County from the George Foundation. The property is located at FM 2977 at Koeblen Road in the West Fort Bend market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not Disclosed
- Buyer: Michael Smith - Johnson Development
- Seller: Roger Adamson - George Foundation
- Date: 03/19/2024
- Market: West Fort Bend
- Asset Type: Development Site
- Acres: 1,500
Michael Smith represented Johnson Development as the buyer in this land acquisition deal, while Roger Adamson acted as the seller's representative for the George Foundation. The sale, marking the foundation's first major land sale in its 80-year history, aims to meet IRS charitable distribution requirements due to the escalating real estate values in Fort Bend County. Johnson Development plans to develop a mixed-use community on the acquired land, encompassing residential, planned, and natural amenities.
Details
SOLD
IMAGE: Michael Smith & Roger Adamson
DATE: 03/19/2024
ADDRESS: FM 2977 at Koeblen Road
MARKET: West Fort Bend
ASSET TYPE: Development Site ~ ACRES: 1,500
BUYER: Michael Smith - Johnson Development (@JohnsonDevelopment)
SELLER: Roger Adamson - George Foundation
NOTE: Johnson Development, a Houston-based firm, acquired a 1,500-acre tract of land in Fort Bend County from the George Foundation, marking the foundation's first major land sale in its 80-year history. The sale aims to meet IRS charitable distribution requirements due to escalating real estate values in the county, with plans for a mixed-use community including residential, planned, and natural amenities.View on map
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AddressFM 2977 at Koeblen Road
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