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Tomball EDC Announces Another Land Sale in the Tomball Business & Technology Park

News Release

 

Tomball Economic Development Corporation

For more information contact:
Kelly Violette
Executive Director
Tomball Economic Development Corp.
(281) 401-4086
kviolette@tomballtxedc.org 

For Release
December 14, 2018

Tomball EDC Announces Another Land Sale in the
Tomball Business & Technology Park

 

Tomball, TX- The Tomball Economic Development Corporation (TEDC) is pleased to announce the sale of ±16.78 acres of land located at the northwest corner of Holderrieth and South Persimmon in the Tomball Business and Technology Park (the Park) to Hoelscher Properties, LLC.

The buyer is part of the Hoelscher Group, which includes Hoelscher Weatherstrip Manufacturing Co., Inc. This 60-year old family-owned company, which specializes in custom doors and weatherstripping, will construct and occupy an approximately 193,000 square-foot building in the Park.   The $10.6 million project is expected to bring 119 new full-time jobs to the City of Tomball.  

“Companies are choosing Tomball because they can be successful here,” said Tomball Mayor Gretchen Fagan.  Fagan, who also serves as President of the Tomball Economic Development Corporation, credits the deal to the TEDC’s proactive initiatives that make Tomball ideal for investment.  “We have created a highly desirable Business & Technology Park with all of the infrastructure needed for development and have put in place tax incentives to attract high quality businesses, such as Hoelscher,” Fagan stated.

The result of this sale will leave the Tomball Business and Technology Park with approximately 28.5 useable acres of land available for sale out of the initial 82 useable acres of land available when the Park was formed.

Tom Condon, Jr., Senior Vice President in The Woodlands office of Colliers International represented the seller. Andrew W. Sowell, SIOR with Boyd Commercial, LLC represented the buyer. Jane Mathews with Stewart Title coordinated the closing.

The Tomball Business and Technology Park encompasses 99.5 acres of land located at the northwest corner of Hufsmith-Kohrville Road and Holderrieth Road, within the City of Tomball. The Park is Master Planned and Deed Restricted with a Light Industrial zoning classification. The Park is fully served with all utilities and provides off-site detention. Its flexible lot sizes and competitive pricing make the Park an attractive location for new and expanding businesses. 

The Tomball EDC is a non-profit Type B Corporation created pursuant to the Texas Development Corporation Act of 1979. The TEDC was formed in 1994, after the citizens of Tomball voted to pass a ½ cent sales tax dedicated to economic development.  The TEDC is governed by a seven-member Board of Directors appointed by the Tomball City Council. 

Pictured from left to right:

Tom Condon, Jr., Senior Vice President-The Woodlands, Colliers International; Kelly Violette, Executive Director, TEDC; Charlie Hoelscher, Vice President, Hoelscher Weatherstrip Manufacturing; Tomball Mayor Gretchen Fagan; Derek Hoelscher, President, Hoelscher Weatherstrip Manufacturing; Mark Hoelscher, Vice President, Hoelscher Weatherstrip Manufacturing; and Andrew Sowell, SIOR, Boyd Commercial, LLC.