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| Woodridge Plaza, located along Interstate 45 North directly across from The Woodlands Mall, The Woodlands, TX |
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| Rusty Tamlyn |
HOUSTON, TX – HFF announced
it has closed the sale of Wood Ridge Plaza, a 211,673-square-foot retail center in The Woodlands, Texas.
HFF
marketed the property on behalf of the seller, CSHV Woodlands, LP, an
institutional pension fund advisor.
A private real estate fund advised by Crow Holdings Capital
Partners, L.L.C. purchased the property for an undisclosed amount free and
clear of existing debt. Weiss Realty, LLC
will be the new property manager.
Situated on 19.49 acres, Wood Ridge Plaza is
located along Interstate 45 North directly across from The Woodlands Mall,
approximately 30 miles northwest of downtown Houston.
Renovated in 1997, the property is 87 percent leased to tenants
including Pier 1 Imports, Kirkland’s, Office Depot, Mattress Firm, Pappas
Bar-B-Q, Dailyspa and Chair King.
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| Ryan West |
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.
Crow Holdings Capital
Partners, L.L.C. (“CHCP”) is the investment manager to a series of real estate
private equity funds designed to generate current income and benefit from the
capital appreciation of portfolio investments.
The six funds have had
total equity commitments from partners of approximately $4.1 billion,
approximately $675 million of which was committed by Crow Family Holdings.
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
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