 |
| 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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