
Brixmor Buys Whole Foods-Anchored Center
New York-based Brixmor paid $33.5 million for the West U-Whole Foods anchored center. The 60,000 square foot center is about eight miles from downtown Houston. The property is within the Belair and West University neighborhood, across the street from one of Brixmor’s existing shopping centers.
The center is 2 1/2 miles away from Rice University and the Texas Medical Center.
Brixmor describes itself as one of the largest open air shopping center owners in the Houston area, with 29 centers totaling 3.8 million square feet. Besides Whole Foods, the center also includes a Chase Bank and Island Grill.
Brixmor (BRX-NYSE) is a publicly traded company with a nationwide portfolio of 67 million square feet.
- ◦Sale/Acquisition