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| Renaissance Center, Houston, TX (Photo by Mabry Campbell) |
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| Ryan West |
HOUSTON, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Renaissance Center, a
97,279-square-foot, value-add, grocery-anchored retail center near the Texas
Medical Center in Houston, Texas.
HFF marketed the property
on behalf of the seller, Lionstone Investments.
Williamsburg Enterprises Limited purchased the asset for an undisclosed
price free and clear of existing debt.
Renaissance Center is
anchored by H.E.B, one of the largest independent food retailers in the U.S.
and the premier grocer in Texas.
Completed in 1996, the
center is also home to eight tenants, including Taco Bell, BB&T Bank, Texas
Department of Human Services, Watermill Express and U.S. Renal Care. Situated on 9.603 acres at 6102 Scott Street,
Renaissance Center is located at the southwest corner of Old Spanish Trail and
Scott Street.
The retail center is
inside of Houston’s Interstate 610 inner loop less than two miles from the
Texas Medical Center and downtown Houston, two of the major employment bases in
the city. The property’s dense, infill
location has more than 135,000 residents living within a three-mile radius.
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| Rusty Tamlyn |
HFF’s investment sales
team was led by senior managing directors Ryan
West and Rusty Tamlyn.
“The center is in a very
urban, infill location with tremendous value-add opportunity, which the buyer
is immediately implementing,” West said.
“This opportunity reflects the re-gentrification occurring in several different
pockets inside the Interstate 610 Loop.”
For a complete copy of the company’s news release,
please contact:
Kristen Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | cell
617.543.4873 | www.hfflp.com
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