 |
| Katherine Miller |
HOUSTON,
TX – JLL Capital Markets has closed the sale of Willowchase
Center, a 231,126-square-foot, Fiesta-anchored retail center in
northwest Houston, Texas.
The
Willowchase Fiesta is the eighth most trafficked Fiesta out of the entire chain
of 60 stores in Texas. The 97.22-percent-leased, best-in-class center is also home
to a diverse tenant lineup.
The stores include dd’s Discounts, Jo Ann Fabrics and
Crafts, Goodwill, Northern Tool and Equipment, Mattress Firm, Family Dollar,
America’s Best, Jamboree Dentistry and Metro PCS. Additionally, a non-owned
Rooms to Go shadow anchors the property.
JLL
marketed the property on behalf of the seller, Fidelis. Wu Properties
acquired the asset.
 |
| Ryan West |
Willowchase
Center is anchored by market-leading Fiesta, a popular Hispanic
supermarket chain headquartered in Houston.
The Willowchase Fiesta is the eighth most trafficked Fiesta out of the entire
chain of 60 stores in Texas.
Th
Situated
on 19.53 acres at 12900-12974 Willowchase Dr., Willowchase Center is in a
highly visible position seen by approximately 200,000 vehicles per day along SH
249.
 |
| Chris Gerard |
The
center is within a super-regional northwest Houston trade area that includes
90,855 residents within a three-mile radius and a large and growing Hispanic
population.
The
JLL Retail Capital Markets team representing the seller was led by Senior
Managing Directors Ryan West and Chris Gerard; Director John
Indelli and Analysts Katherine Miller, Bailey Black and Grant
Rexrode.
“Demand
for retail assets throughout Texas is growing steadily, which highlights the
conviction and strong fundamentals in the retail sector,” Indelli said.
 |
| John Indelli |
“We’re
seeing an abundance of capital chasing retail deals, and there simply isn’t
enough product to fulfill investor’s appetite.JLL
Capital Markets is a full-service global provider of capital solutions for real
estate investors and occupiers.
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment sales and advisory, debt advisory, equity advisory or a
recapitalization.
The firm has more than 3,000 Capital Markets specialists
worldwide with offices in nearly 50 countries.
For
more news, videos and research resources on JLL, please visit our newsroom.
 |
| Bailey Black |
About
Fidelis
Fidelis
is an owner, operator and developer of retail, healthcare and residential
commercial real estate projects.
Fidelis has approximately 16 million square
feet of property located in six states. Fidelis is headquartered in Houston
with regional offices in Dallas, Texas, and Santa Fe, New Mexico.
Fidelis’
mission is to maximize the value of the properties they serve for their
tenants, customers, partners and communities. To learn more about Fidelis,
please see their website at frpltd.com.
 |
Grant Rexrode
|
About Wu
Properties
Wu
Properties is a fast-growing Houston centric acquirer and manager of retail
assets.
They are Houston based and have been in business for over 12 years.
They are strategic buyers focusing primarily on the best grocery anchored
retail shopping centers or power centers in the various submarkets they target.
Contact:
Kimberly
Steele
PR, Americas
JLL
M
+1 232 244 9994
JLL.com
