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Fidelis Realty Snaps Up H-E-B-Anchored Power Center in Pearland
Shadow Creek Ranch, a 613,468-square-foot H-E-B-anchored power center, recently sold within the master-placed Shadow Ranch community in the Houston suburb of Pearland, TX. Fidelis Realty Partners LLC acquired the asset for an undisclosed purchase price.
Completed between 2007 and 2008, Shadow Creek Ranch is anchored by H-E-B. The 97.7-percent-leased property is also home to a diverse lineup of national and local tenants. The sale includes 11 free-standing pad sites leased to tenants such as Taco Cabana, Frost Bank and Longhorn Steakhouse.
JLL marketed the property on behalf of the seller, EDENS. Additionally, the new owner engaged JLL to source post-acquisition financing. The JLL team was led by Ryan West, Chris Gerard, Barry Brown, Wendy Vandeventer and Katherine Miller.
- ◦Sale/Acquisition
