Boyd Commercial/CORFAC Negotiates Sale of 21-Acre Property in Houston

HOUSTON — Boyd Commercial LLC/CORFAC International, a full-service commercial real estate services provider in Houston, has negotiated the sale of a 21-acre Houston property to Summer Street Retail LP, a business entity backed by Gulf Coast Commercial Group. The Houston Business Journal reported that the property sold for $40 million. Previously owned by Texas Tile Manufacturing LLC, an affiliate of Tarkett USA Inc., the property was marketed for sale by Conrad Bernard of Boyd Commercial/CORFAC, as well as the firm’s founder, J. Michael Boyd. They were the only brokers involved in the transaction. Tarkett ceased manufacturing at its facility located at 1705 Oliver St. in Houston last fall and used portions of the property as warehouse product as recently as June. The French-owned company had occupied the site since 1932, constructing in excess of 750,000 square feet of manufacturing and warehouse space in the ensuing years.