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| Rusty Tamlyn |
HOUSTON, TX – HFF announced today that it has closed the
sale of Atascocita Shopping Plaza, a 158,613-square-foot, grocery-anchored
retail center in Humble, Texas.
HFF
marketed the property on behalf of the seller, Red Tail Acquisitions. A private investor purchased the asset.
Atascocita Shopping Plaza is situated on a 16.73-acre site at 6900-7072
FM 1960 in Humble, a retail corridor in northeast Houston less than seven miles
from I-69. The grocery-anchored
property is 94.7 percent leased to tenants including Aldi, Dollar Tree, Specs
and Goodwill Industries.
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.
“This property featured Aldi on a lease, which is rare in
the Houston area as most are free-standing owned stores,” Tamlyn said. “It also
involved a loan assumption and is located in a thriving retail section of
Atascocita in northeast Houston.”
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| Ryan West |
Red Tail Acquisitions is a value investor that seeks office,
industrial and retail properties that normally have leasing or construction
issues. Over the last 25 years, the group has purchased more than 10 million
square feet of commercial property in the western United States. Learn more at www.rtacq.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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