Colliers announces sale of ±13.7 acres in Friendswood, Texas

HOUSTON - Oct. 17, 2022 - PRLog -- Colliers is pleased to announce the sale of ±13.7 acres located at 205 North Friendswood Drive in Friendswood, Texas. The buyer was represented by Liz Bui of eXp Realty. Kelly Hutchinson (https://www.colliers.com/en/experts/kelly-hutchinson) of Colliers represented the seller, Palms Property, in the transaction.

The ±13.7 acre property sits on 530 feet of frontage road. Adjacent to Kroger Grocery and Friendswood Plaza Retail Center, it is zoned to the CSC Community Shopping District. Friendswood is comprised of two counties and has recently been named to the "Best Places to Live" in America list, making it one of 900 smaller cities to receive that ranking. The city is predicted to see a 33.9 percent job market increase over the next ten years.

The property is located in Houston's Southeast Outlier retail submarket. The submarket contains 15.9 million square feet of retail space which is currently 96 percent occupied. There is 56,800 square feet of retail space currently under construction in the submarket.

See the article here: https://www.colliers.com/en/news/houston/friendswood--ac-...