HFF closes sale of Tomball Crossing in northwest Houston, TX

Tomball Crossing Shopping Center, Tomball, TX

Ryan West

HOUSTON, TX – HFF announced today that it has closed the sale of Tomball Crossing, a 164,348-square-foot retail power center in Tomball, Texas.

                HFF marketed the property on behalf of the seller, Metro-National.  Kimco Realty Corp. purchased the property with the exception of the North Cypress Emergency Room pad site, which was purchased by North Cypress Medical Center.

                Tomball Crossing is situated on a 17.36-acre site at 22485-22549 Tomball Parkway at the intersection of Spring Cypress Road and State Highway 249 in Tomball, northwest of Houston’s central business district.

 Completed in 2006, the property is 94 percent leased to tenants including Ross Dress for Less, Old Navy, Petco, Famous Footwear, Lupe Tortilla, Red Robin and Panera Bread. 

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

                Metro-National is a privately-held real estate investment, development and management company headquartered in Houston, Texas.  Founded in 1959, the company owns and manages more than 8.5 million square feet of commercial real estate property located primarily in the greater Houston area.

Rusty Tamlyn

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that owns and operates North America’s largest portfolio of neighborhood and community shopping centers.

As of Sept. 30, 2013, the company owned interests in 855 shopping centers comprising 125 million square feet of leasable space across 42 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisition, development and management for more than 50 years.

For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

 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

tel (main) 617-338-0990 | (direct) 617-338-1572 | cel 617.543.4873 | www.hfflp.com

krmurphy@hfflp.com