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LaSalle Completes Retail Acquisition in Houston
Connect Retail West is set for January 25th at the Hurley Surf Club Pacific City in Huntington Beach, CA. Here’s where to get more information and register.
LaSalle Investment Management acquired Greenway Commons, a premiere Costco-anchored, regional shopping center located at 3830 Richmond Ave. in Houston. LaSalle purchased the retail property for $84 million on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund, from a joint venture between DDR Corp. and Blackstone Group.
LaSalle Property Fund’s Jim Garvey says, “Greenway Commons is an excellent fit for our portfolio, enabling us to increase our exposure to high-quality grocery and service-based centers in top retail markets. This property offers an attractive and durable income stream, which is consistent with the Fund’s investment objective.”
Located in the Inner Loop of Houston, the property was constructed in 2008 and well-maintained under institutional ownership. Greenway Commons is fully leased to a diverse mix of 17 restaurant, medical and service-oriented retailers.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

