The RE/MAX ONE Commercial Division and Cussman & Wakefield out of Atlanta Georgia just represented Entergy Texas in the purchase of a 71 acre tract just north of Beaumont. TEXDOT has a planned reconfiguration of the intersection of Interstate 10 and the Eastex Freeway which will take a large portion of Entergy's current location at the intersection. The Highway project is scheduled to be completed within 2 years. The seller in the transaction was represented by Coldwell Banker Commercial in Beaumont. Ryan Harrington with RE/MAX ONE represented Entergy Texas.
About Entergy Texas
The company traces its roots to Gulf States Utilities, which merged with New Orleans-based Entergy Corp. in 1994. Following the merger, the company’s operations in Texas became known as Entergy Texas.
The Entergy story began with a pile of sawdust and a handshake. The sawdust belonged to H. H. Foster, president of the Arkansas Land and Lumber Company. The handshake was between Foster and Harvey Couch, president of Arkansas Power Company.
Couch was an entrepreneur who lived in Arkansas at the turn of the 20th century. He invested in a phone company, radio station, railroad and his biggest success, an electric power company. On Nov. 13, 1913, with a $500,000 line of credit and a franchise to provide electricity to the Arkansas towns Malvern and Arkadelphia, Couch shook hands with H. H. Foster for his sawdust. Couch would use sawdust from Foster’s lumber company as fuel to generate electricity for his power company. It was a new beginning for Harvey Couch and electric service in the state.