The Tomball Economic Development Corporation (TEDC) has recently acquired the First Baptist Church campus located at 401 Oxford Street in Old Town Tomball, Texas. The property, which comprises approximately 84,420 square feet and sits on 4.63 acres, has been purchased with the intention of redevelopment for the betterment of the community. The transaction was unanimously approved by the Tomball City Council in March. Currently, TEDC is leasing the property back to the church, and upon the expiration of the lease, they will proceed with their plans for revitalization.

Summary of Transaction Details:

• Property Type: Church
• Transaction Amount: Not specified
• Market: Tomball
• Address: 401 Oxford Street
• Size: 84,420 square feet
• Acres: 4.63

The buyer, Tomball Economic Development Corporation, represented by Kelly Violette, recognized the potential of the property and its value in contributing to the growth and improvement of the community. On the other hand, the seller, First Baptist Church, entrusted the transaction to Ruddy Parisher of Century 21 Parisher Properties.

Additionally, Tom Condon Jr. and John Grimsley of Colliers acted as the buyer's representatives in the deal, ensuring a smooth negotiation and successful acquisition for TEDC.