Newcor Facilitates Acquisition of Office Condo in The Woodlands
Private Investor Acquires 1,225 SF Office Condo in Forest Ridge Office Condominiums.
The Woodlands, Texas - October 21, 2024 - Newcor Commercial Real Estate is pleased to announce the successful acquisition of a 1,225 square foot office condominium located at 8505 Technology Forest, within the sought-after Forest Ridge Office Condominiums, The Woodlands, Texas. Ryan Dierker with Newcor represented a private investor in the transaction, while Bill Smith with Exp Realty represented the seller.
Forest Ridge Office Condominiums is ideally located in proximity to key business hubs and offers easy access to major highways, making it a prime location for businesses seeking high-quality office space in The Woodlands. Furthermore, this property stands out as the only office condominium offering within The Woodlands, which has consistently increased demand for these properties.
Ryan Dierker, who represented the buyer, emphasized the strategic nature of the purchase: “The office condos located at 8505 Technology Forest are the only condos located inside of The Woodlands, and this exclusivity has generated higher demand than similar projects in the surrounding area. As a result, we believe this investment will yield a higher return for our client.”
For further details about this acquisition or to learn more about Newcor and its services, please contact:
Ryan Dierker
Principal
281.210.2484
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