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ilco Real Estate Sales (HRE) is pleased to announce the successful sale of the former Holy Trinity Episcopal School in northeast Houston, Texas. The property, located at 11810 Lockwood Rd, was sold in an expedited timeframe, showcasing HRE's ability to overcome key challenges and generate strong interest among prospective buyers.
One of the critical hurdles addressed by HRE was reactivating the water and wastewater supply at the property. By gathering detailed information on costs, timelines, and key contacts, HRE educated potential buyers, streamlining their decision-making process. The company also provided full transparency regarding the shared MUD agreement tied to the property, working with legal experts to clarify the agreement and ensure all prospective buyers understood associated responsibilities, costs, and documentation.
HRE's marketing strategy emphasized the versatility of the former school building, showcasing its potential for multiple uses such as community centers, residential developments, industrial facilities, or specialized facilities like medical centers or tech hubs. A robust marketing campaign was implemented, leveraging digital platforms, real estate websites, social media, and local, regional, and national advertising.
To accelerate the sale, HRE hosted three official on-site inspections, providing prospective buyers an opportunity to tour the property, assess competition, and engage directly with HRE representatives. These touchpoints played a crucial role in increasing interest and driving competition, leading to the successful and timely sale of the property to the Sheldon Independent School District.
"This sale was a testament to the power of a targeted and transparent approach," said Steve Madura, senior vice president of Hilco Real Estate Sales. "By addressing the property's complexities upfront and highlighting its immense versatility, we were able to generate significant interest from a variety of users in a compressed timeframe."
The sale was completed within seven days of the sale confirmation hearing, highlighting HRE's ability to deftly maneuver around tight deadlines to provide exceptional results.
About Hilco Real Estate Sales
Hilco Real Estate Sales (HRE) advises and executes strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value, and minimize liabilities and portfolio risk. With over 20 years of experience in complex transactions, HRE has secured billions in value for hundreds of clients. The trusted, full-service team understands the legal, financial, and real estate components of the process, delivering impressive results in every situation.
