Fiesta-Anchored Retail Center In Northwest Houston Sells
JLL Capital Markets has closed the sale of Willowchase Center, a 231,126-square-foot, Fiesta-anchored retail center in northwest Houston, Texas. JLL marketed the property on behalf of the seller, Fidelis. Wu Properties acquired the asset. The transaction amount was not disclosed.
Willowchase Center is anchored by Fiesta, a popular Hispanic supermarket chain headquartered in Houston. With more than 97 percent of the center leased, other tenants include dd’s Discounts, Jo Ann Fabrics and Crafts, Goodwill, Northern Tool and Equipment, Mattress Firm, Family Dollar, America’s Best, Jamboree Dentistry and Metro PCS. Located at 12900-12974 Willowchase Drive in Houston, the center is on 19.53 acres.
JLL Retail Capital Market team Ryan West and Chris Gerard, senior managing directors, and Director John Indelli and Analysts Katherine Miller, Bailey Black and Grant Rexrode represented the seller.
“Demand for retail assets throughout Texas is growing steadily, which highlights the conviction and strong fundamentals in the retail sector,” Indelli said. “We’re seeing an abundance of capital chasing retail deals, and there simply isn’t enough product to fulfill investor’s appetite.
Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.
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