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| Photo by Mabry Campbell Briar Lake Village Retail Center, 10455 Briar Forest Drive, Westchase District, Houston, TX |
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| Rusty Tamlyn |
HOUSTON, TX – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Briar Lake Village, a
36,607-square-foot, two-level retail center in Houston’s Westchase
District.
HFF marketed the property
on behalf of the seller, Berkeley Land Company.
Briar Lake Village Inc. purchased the property for an undisclosed
price. In 2007, HFF brokered the sale of
the property to the seller.
Briar Lake Village is 85
percent leased to 12 tenants, including Palazzo’s Trattoria, Subway, Tiff’s
Treats, Moderno, Newmark Homes, Advanced Orthodontics, Capital One Bank,
Comerica Bank, Kolache Factory and Luchi & Joey’s.
Situated on 4.146 acres at 10455 Briar Forest
Drive at the southwest corner of Beltway 8 (Sam Houston Tollway) and Briar
Forest Drive, the center is in the Westchase District, one of Houston’s
employment centers.
Additionally, there are
more than 183,000 residents with an average annual income exceeding $88,000
within a three-mile radius of Briar Lake Village.
Senior managing directors Rusty Tamlyn and Ryan West led the HFF
investment sales team representing the seller.
First vice presidents Todd Casper
and Michael Hassler with CBRE represented the buyer.
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| Ryan West |
“Briar Lake Village is
steps away from large, well-leased, Class A, high-rise office buildings in
Westchase District, an area with a daytime population of more than 250,000
people,” West said.
“The restaurant
theme on the ground level of the center creates a synergistic environment for
those nearby office building employees.”
“Westchase District
creates an exciting opportunity for businesses to have access to an affluent
residential population with close proximity to the Beltway, I-10 and the
Westpark Tollway,” Casper added.
“We are
excited to see what’s in store for Briar Lake Village as future tenants choose
this retail center to provide their goods and services.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
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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