Town Center Lofts’ Acquisition Gives Redwood/Heitman’s Green Light
Town Center Lofts, a new 309-unit multifamily community in the Rosenberg submarket of Houston, recently sold for an undisclosed purchase price. The buyer was a joint venture between Redwood Capital Group and Heitman LLC.
Jeffrey Skipworth, Todd Marix, Chris Curry, Joey Rippel, Chris Young and Kyle Whitney of Berkadia Houston negotiated the off-market transaction between the seller, Sueba USA, and the buyer.
“Rosenberg is one of the strongest performing multifamily submarkets in Houston,” said Skipworth. “Redwood/Heitman’s acquisition of Town Center Lofts allows the new owners to control the best-in-class apartment community in the Rosenberg area.”
Located at 7204 Town Center Blvd., Town Center Lofts was developed by Sueba USA and completed in 2021. The property offers studio, one- and two-bedroom loft-style floorplans ranging from 560 square feet to 1,207 square feet.
The property is located next to Brazos Town Center with more than 100 shopping, dining and service outlets, and less than 45 minutes from Downtown Houston.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.