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| Katherine Miller |
HOUSTON, TX, May 4, 2022 – JLL Capital Markets has closed the sale of West U Marketplace, a 60,136-square-foot retail center anchored by Whole Foods Market in Houston, Texas.Financials of the deal were not disclosed.
JLL marketed the property on behalf of the seller, an affiliate of Camden Securities Company. Brixmor Property Group acquired the asset.
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| Chris Gerard |
West U Marketplace is anchored by a high-performing Whole Foods and is further complimented by a mix of popular tenants, including Yoshi Sushi, Natural Pawz, Island Grill, French Cuff Boutique, River Oaks Nail & Spa and a national bank.
JLL Research’s recently released Grocery Tracker 2022 report tracked the fastest growing grocers in 2021, with Whole Foods Market ranking within the top ten nationally.
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| Ryan West |
Positioned at 4004-4060 Bellaire Blvd, West U Marketplace is at the highly visible northwest corner of Weslayan and Bellaire Boulevard, which is seen by approximately 44,080 vehicles per day. The property is in Houston’s upscale West University area, which is an affluent part of central Houston.
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| West U Marketplace 4004-4060 Bellaire Boulevard Houston, TX |
More than 195,500 residents earning an average annual household income of $156,574 live within a three-mile radius.
The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Chris Gerard, Ryan West and Analyst Katherine Miller.
“Retail in the Texas markets is extremely
strong,” West said. “Iconic assets – like this Whole Foods-anchored center in
the heart of West University – infrequently change ownership, but the growth of
the Houston economy and, in turn, retail fundamentals, continue to drive
significant transactions like this one.”
Contact:
Kimberly Steele
JLL Manager
Public
Relations
Phone: +1 713 852 3420
Email: Kimberly.Steele@am.jll.com
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