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Texas  + Retail  | 

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

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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