WOLFF COS. COMPLETES FOUR BUILD-TO-SUIT TRANSACTIONS AT INTERWOOD

HOUSTON — Houston-based Wolff Cos. has completed four build-to-suit transactions within Interwood, the developer’s 440-acre, master-planned business park located at the intersection of Beltway 8 and John F. Kennedy Boulevard in Houston. Schultz USA purchased 16 acres of land located on Interwood North Parkway for the construction of a 56,880-square-foot industrial building. The new facility, which is scheduled to break ground this fall, will serve as the company’s new North American headquarters and distribution center. Bob Berry and Jeff Venghaus of The Staubach Company represented Shultz.
CCIB, an affiliate of Austin-based Capital Commercial Investments, purchased a 12.5-acre site located between FM 525 and Interwood South Parkway for future light industrial development. Mark Nicholas and Richard Quarles of Staubach represented the buyer. Marc Drumright of Southwest Realty Advisors represented the seller, Essex Capital.
Additionally, Scomi Oiltools purchased 6.3 acres located at the northeast corner of Interwood South Parkway and Heathrow Forest Parkway. Lucian Bukowski and Ryan Fuselier of Staubach represented the buyer. Development plans were not disclosed.
Finally, Austin-based Live Oak-Gottesman acquired a site located at the southwest corner of Interwood South and Heathrow Forest parkways for the construction of a 35,000-square-foot facility for the U.S. Customs and Border Control Protection Services. Groundbreaking will occur later this year. Wolff Cos. presently has two land sites remaining at Interwood for development.