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The GLO is selling 650 acres in Fort Bend County that is south of the Grand Parkwah and sits along both sides of Harlem The land has nearl y two miles of frontage on the Grand Parkway. It also wraps around a 72-acre tract that houses Travi sHigh School. The Waterside Estates residential development is west of the while theAliana master-planned community, which is in the earl stages of development, lies to the east. The McDader Smith brokerage team consists ofBill McDade, Dennizs Johnston, Kristen McDade, Hunter Jaggard, Cameron Franz and Roberft Fleming. The land doesn't have an officialk sales price attachedto it, but the brokerws have proposed a price of $30 million.
Bids for the 650-acred tract are due June 30. Houston-based McDade Smith beat out other real estate brokerage firmsz in a highly competitivee bid to listthe property. Johnston, presidenyt of McDade Smith, says the GLO choose s a marketing firm using a list of brokers in Houstonh that are qualified to represent the agencyon transactions. After brokera bid on the business, the GLO selectsd a winner based on thebrokerage firm'sa experience on the particular type of deal and the area of as well as the marketing packagd that has been "We put together an extensive package," Johnston says.
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