Colliers facilitates the sale of 12 acres in Rosenberg Business Park

Colliers is pleased to announce the sale of 12 acres in Rosenberg Business Park.? The buyer, Rosenberg BP Partners, was represented by Faaiz Momin of MS Realty Advisors. The seller, Sienvironmental, was represented by Barkley Peschel, SIOR, CCIM of Colliers.??

"The property attracted significant interest, leading to multiple competitive offers," said Barkley Peschel of Colliers. "It's clear that industrial users and investors are keen on opportunities in the Rosenberg area. The buyer was an industrial user that plans to use part of the property for its business and develop or sell the remaining land."?

Located in Rosenberg Business Park, this 12 acre commercial lot has excellent connectivity to I-69 via FM 2218. The site has full access to utilities with onsite detention. Being part of a deed-restricted business park guarantees an environment consistent with and conducive to industrial users. The property is within Houston’s Northwest Near industrial submarket, which contains 19.1 million square feet of inventory that is currently 94.9% occupied. In 2023, leasing activity totaled 897,350 square feet while three buildings with 249,065 square feet were completed. No buildings are currently under construction in the submarket, which has an average asking rental rate of $7.32 per square foot.