Crawfish Aquatics buys land on Siegen

Crawfish Aquatics, one of the area’s premier swim programs, has purchased a 4.77-acre tract of land on Siegen Lane near the intersection of Perkins Road for $1.4 million. In a deal that closed earlier today, Crawfish Aquatics owner Steven Ripple acquired the property from several members of the Watson family, who have owned the undeveloped land for more than 50 years. Ripple could not be reached for comment and no plans have yet been announced for future development of the property, which is located between Capital Golf, which opened earlier this year, and a Regions Bank branch. Crawfish Aquatics was founded in 1999 and offers year-round competitive swimming programs for children, teens and adults. It is currently based at the Ketcham Fitness Center at 7150 Bluebonnet Blvd. Real estate broker Mark Hebert of Kurz & Hebert Commercial Real Estate, who represented both buyer and seller in the transaction, says the area is increasingly in demand because of nearby growth and development. “I sold the Blockbuster (now Capital Golf) for $1.17 million, and this piece just sold for $6.95 per square foot,” he says. “That shows you that it’s an area in demand.” —Stephanie Riegel