Monday, September 23, 2013

HFF closes sale of League City, TX retail shopping center


League City Town Center, League City, TX

HOUSTON, TX – HFF announced today that it has closed the sale of League City Towne Center, a 194,736-square-foot, Class A shopping center in League City, Texas.

Ryan West
               HFF marketed the property on behalf of the seller, Property Commerce.  Excel Trust, Inc. purchased League City Towne Center for an undisclosed amount.

               Situated at the intersection of the Gulf Freeway (Interstate 45) and F.M. 646, League City Towne Center is about 20 miles southeast of Houston.  The property was completed in 2008 and is fully leased to tenants including Ross Dress for Less, TJ Maxx, Michaels and PetSmart.  Shadow anchors (not included in the sale) include Super Target and Home Depot.

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

Rusty Tamlyn
               Property Commerce, established in 1976, has built a strong, continually evolving management, brokerage and leasing organization, which complements its development and investment activities.  The present management portfolio includes multi-family, office and retail projects.

               Excel Trust, Inc. is a retail-focused REIT that primarily targets community and power centers, grocery-anchored neighborhood centers and freestanding retail properties.  Excel Trust trades publicly on the NYSE under the symbol "EXL".  For more information on Excel Trust, Inc., please visit www.exceltrust.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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