LEAGUE CITY, TEXAS — CB Richard Ellis (CBRE) has finalized the sale of 24 acres located at the corner of State Highway 96 and South Shore Boulevard in League City. Raymond R. Betz Interest Inc. purchased the land from Centerprise Group Retail Fund for an undisclosed amount. The buyer plans to develop and sell the land, which is situated adjacent to an 84,000-square-foot Kroger grocery store and near the site of new high school and elementary school developments. Simmi Jaggi and Elizabeth Clampitt of CBRE represented the seller in the transaction, and the buyer represented itself.
CBRE COMPLETES SALE OF 24 ACRES FOR FUTURE DEVELOPMENT