Recent Retail Sales In Houston

By Author: Patrick Oconnor
Total Articles: 42
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The real estate market of Houston recorded some movement over the 12-month period. 57 properties were sold in October 2011 which shows an increase of seven properties when compared to October 2010. In terms of gross square-feet there was an increase of 0.84% when compared to 2010. Below are some of the notable retail sales that were recorded in the Houston market.

In October 2011, Cathay Bank has purchased Bellaire Village, 65,000 square-foot multi-building neighborhood shopping center located at 13602 Bellaire Boulevard in Houston from Earth Group LP. The Four-year-old property is fully leased. The shopping center is located in the Far Southwest Corner of Bellaire Boulevard and Eldridge Parkway, to the South of Eldridge Valley Drive and to the East of Metro Boulevard. The retail shopping center has access to the Bellaire Boulevard and Eldridge Parkway. The multi-tenant property is situated on 4.84 acres. According to the appraisal district records, the total assessed value of the property is $5.28 million. The rent type is Triple Net. The average rent range is $1.40 per square foot. 43,000 Parking spaces are available. ...
... The property is anchored by Bv Food Group Inc.

Another significant sale from that month is the sale of Town Center Lakeside, a 23,000 square-foot strip center located at 1925 Lakeside Plaza Drive in Sugar Land in Fort Bend County. WSE Town Center LLC, an entity of Westwood Financial Corp has purchased the property from MG Capital LLC, an entity of Garrison Oil Corporation. The seven-year-old property is over 75% occupied. The multi-tenant property is located on Southeast Corner of Lakeside Plaza Drive and Kensington Drive, to the North of Frontage Road. The property has access to Frontage Road, Lakeside Plaza Drive and Kensington Drive. The multi-tenant property is situated on 3.07 acres and the Gross Building Area is 23,380 square-feet. The rent type is NNN and High rent range is $2.00 per square foot. According to the appraisal district records, the total assessed value is $5,448,400. The property is unanchored and its tenants include Games Stop, Familty Christian Books, Camille's Sidewalk, A-Z Dental P.C.

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