Tuesday, July 15, 2014

HFF closes sale of Atascocita Shopping Plaza in northeast Houston, TX suburb

  
Rusty Tamlyn
HOUSTON, TX – HFF announced today that it has closed the sale of Atascocita Shopping Plaza, a 158,613-square-foot, grocery-anchored retail center in Humble, Texas.

               HFF marketed the property on behalf of the seller, Red Tail Acquisitions.  A private investor purchased the asset.

               Atascocita Shopping Plaza is situated on a 16.73-acre site at 6900-7072 FM 1960 in Humble, a retail corridor in northeast Houston less than seven miles from I-69.  The grocery-anchored property is 94.7 percent leased to tenants including Aldi, Dollar Tree, Specs and Goodwill Industries. 

               The HFF investment sales team representing the seller was led by senior managing director Rusty Tamlyn, managing director Ryan West and associate director Matt Berry.

“This property featured Aldi on a lease, which is rare in the Houston area as most are free-standing owned stores,” Tamlyn said. “It also involved a loan assumption and is located in a thriving retail section of Atascocita in northeast Houston.”

Ryan West
Red Tail Acquisitions is a value investor that seeks office, industrial and retail properties that normally have leasing or construction issues. Over the last 25 years, the group has purchased more than 10 million square feet of commercial property in the western United States.  Learn more at www.rtacq.com.


For a complete copy of the company’s news release, please contact:

 Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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