Rockspring Capital, a privately-owned real estate investment firm based in Houston, announced today that an affiliate has acquired a commercial land tract in Rosenberg, Texas.
The Rosenberg commercial reserve is a 10-acre property located at the northeast corner of FM 2218 and Town Center Boulevard. It is part of the larger Brazos Town Center development, which is strategically positioned as the gateway to the rapidly growing towns of Rosenberg and Richmond. FM 2218 is also currently undergoing expansion from US 59 to FM 762, which will greatly increase traffic flow to the corner site.
“This is a great investment as it was obtained with all-cash at a substantial discount from its actual market value. The property promises a nice return for our investors because it’s situated in an excellent location, which is in high demand from many commercial users,” said Jim McAlister IV, President and CEO of Rockspring Capital.
About Rockspring Capital
Rockspring Capital is a Houston-based land investment company founded in 1973, whose strategy is to acquire opportunistic land parcels and residential lots in high growth areas. It also makes special situation bridge loan and note purchases on land-related assets. Rockspring Capital acquires with all cash in markets within the “Texas Triangle” – Houston, Austin, San Antonio and Dallas/Ft. Worth. For more information about Rockspring Capital, visit www.rockspring.com.