Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Revived Houston Retail Center Sells to Investor Duo
Five years ago, the Woodforest Shopping Center at 10907 East Freeway in Houston was stymied by a 37% occupancy rate. Cooke Investment overhauled the nearly 200,000 square foot center and was able to attract a number of quality tenants. The plaza is now home to Memorial Hermann Sports Medicine & Rehabilitation, Northern Tool, National Tire and Battery, Dollar Tree, Concentra, WSS Shoes, Ojos Locos and Giant Dollar.
Just last month, Rise Group Investments and Regional Properties Texas acquired the shopping center, which is now 96% occupied.
The deal was brokered by Shawn Ackerman, president and managing partner of Henry S. Miller Brokerage.
Cooke Management (formerly CRG Properties) has been in the business of property acquisition and development for over 40 years. Specializing in unique opportunities, Cooke Management is currently focusing on the development of multi-family properties in several large markets across the US.
- ◦Sale/Acquisition


