Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Garden Oaks Sears Store to Make Way for Mixed-Use Project
The Garden Oaks Sears store had been open for 70 years, but like the rest of the at-one-time dominant department stores, it closed down. It will soon be demolished to make way for a new mixed-use development.
The Houston Business Journal reports that Sugar Land-based Lamasar Capital acquired the property at 4000 N. Shepherd Drive, with financial support from Houston-based Summit Capital and Delta LP. The property includes the primary Sears store as well as an auto repair center.
The new development will include both retail and residential components. Lamasar Capital has tapped Fidelis to oversee construction of the new development, which is scheduled to wrap up in the next three to four years.
- ◦Sale/Acquisition
- ◦Development
Apartment buildings for sale
Check out the latest properties available on apartmentbuildings.com
3801 E MORELAND DR
WESLACO, TXTexas + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Call for offers Price: $7,500,000 No. of Units: 78 Year Built: 2005 Lot Size: 77325 Acres Opportunity Zone: No Price per unit: $96,153 
Jameson St Apartments
Weatherford, TXTexas + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $5,160,000 No. of Units: 60 Average Occupancy: 98 Year Built: 1973 Building Size: 44700 Sq ft Lot Size: 4.05 Acres No. of Stories: 2 APN: R000047582 No. of Parking Spots: 100 Opportunity Zone: No Price per unit: $86,000
