The property was developed in the 1950’s as an enclosed mall, but in 1995, the owners converted the mall to an open-air retail center. And according to the listing broker, JLL, it’s one of Houston’s busiest shopping plazas. While there is no price given on the listing, the Houston Business Journal reports the current owners, Fidelis Realty Partners, paid $126 million for the mall in 2013.
The 948,194-square-foot retail plaza is currently 88% occupied and has a tenant roster that includes H-E-B, Target, Ross, Marshalls, Dicks Sporting Goods, JCPenney and Five Below, as well as other retailers, restaurants, and service tenants.
The listing is being handled by JLL’s Ryan West, Chris Gerard, Erin Lazarus and Colby Mueck.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.