HOUSTON, TX – HFF announced today that it has closed the
sale of Northline Commons (top photo), a 478,584-square-foot retail power center in Houston.
HFF exclusively represented the seller, Berenson Associates,
in the sale of the property to an affiliate of North American Development Group
(NADG). NADG was led by Stephen Preston
of the Dallas office.
Northline Commons is a redevelopment of the Northline Mall
that was originally built in the 1960’s.
Completed in 2009, the new center is 86 percent leased and
anchored by Marshalls, Ross Dress for Less, Burlington Coat Factory, Conn’s and
Palais Royal.
The property is located at the northeast corner of
Interstate 45 and Crosstimbers in north Houston, and is shadow anchored by a
Wal-Mart Super Center.
The HFF team representing Berenson Associates was led by
senior managing director Rusty Tamlyn
(middle right photo) and managing director Ryan West (lower left photo).
For a complete copy
of the company’s news release, please contact:
KRISTEN MURPHY
HFF Associate Director, Marketing
(713) 852-3500
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