Waterman Steele Real Estate Advisors announced today the sale of 29.96 acres in Kemah, Texas from Zircon Properties, Inc., a Maryland corporation, and Beethoven Realty Associates, a Maryland liability company, to the Galveston Bay Foundation, a Texas Non-Profit corporation.
The 29.96 acres is located on the east side of State Highway 146 near its intersection with State Highway 96 in Kemah, Texas. Waterman Steele Partner Lance Gilliam and Vice President Adrian Ramirez represented the seller. Doug Nicholson with Newmark Grubb Knight Frank represented the buyer.
Waterman Steele Partner Lance Gilliam stated, “This project is a win-win for the communities on the Galveston Bay and also for those people living on the entire Gulf Coast. Placing the land in the stewardship of the foundation ensures it will be developed responsibly and be a place where future generations can enjoy the beauty of Galveston Bay.”
The Galveston Bay Foundation is a non-profit organization established in 1987 to address issues and concerns related to Galveston Bay. The foundation’s mission is to preserve, protect, and enhance the natural resources of the Galveston Bay estuarine system and its tributaries for the community.