LL Capital Markets arranges sale of the 28,000-square-foot Uptown Plaza in Houston, TX

  

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 Erin Lazarus

HOUSTON, TX – JLL Capital Markets has closed the sale of Uptown Plaza, a 28,000-square-foot neighborhood strip retail center located in the prime retail corridor of Houston, Texas.

 

Ryan West

JLL represented the seller in the transaction. Pine Ridge Real Estate acquired the asset in an all-cash transaction. The price was not disclosed.

 The JLL Retail Capital Markets team that represented the seller was led by Senior Managing Director Ryan West, Senior Director John Indelli and Director Erin Lazarus.

 

Developed in 2002, the 100-percent-leased Uptown Plaza is currently occupied by CVS, Vision Corner, EG Geller Shoes, Lesley Ann Jewels, Alchemy 43, Fizz Nails and Grotto.

John Indelli 

The property features an average tenure of over 12 years and a weighted average remaining lease term of three years.

 

 

CONTACT:

 

 Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com