Tuesday, September 25, 2012

HFF closes sale of Northline Commons in Houston, TX


  



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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