Highland Road tract sold for $2.4 million

An undeveloped 14-acre tract of land on Highland Road has been sold for $2.4 million to a local construction company. Deumite Construction bought the land, near Healing Place Church, in a deal that closed late last week. Scott Deumite says the plan is to develop the property, which is zoned rural, for commercial use. “What we do with it really depends on what the buyer and the market want,” he says. Deumite says the fact that the property is easily accessible by Interstate 10, Airline Highway and even Interstate 12 made it appealing. “There aren’t that many other big tracts of undeveloped land in town,” he says. Beau Box of Beau Box Commercial Real Estate brokered the deal. The land had been owned by the William Edward Montan Charitable Trust. Capital One, which administers the trust, will donate the proceeds from the sale to local nonprofit agencies. There’s been other recent activity along Highland Road. James Construction, for example, paid just over $1 million for a 4.5-acre tract near the Deumite land and plans to build its new headquarters there. Box says some of the activity is being driven by the recent four-laning of Highland from Perkins Road to Airline Highway. —Timothy Boone