Thursday , 24 August 2017
Breaking News

Houston Power Center Sold

HOUSTON – HFF has closed the sale of The Crossing at Fort Bend, a 116,064-square-foot retail power center in Sugar Land, Texas.

HFF marketed the property on behalf of the seller. MCOM SHOPPING CENTERS LLC purchased the asset for an undisclosed amount and Prosperity Bank provided third party financing for the buyer.

The Crossing at Fort Bend is situated on 23.05 acres at 14440 Hillcroft Street, at the northwest corner of Sam Houston Parkway and the Fort Bend Tollway about 13 miles southwest of Houston’s central business district. The property was completed in two phases in 2007 and 2010, and is 90.4 percent leased to tenants including Ross Dress for Less, Staples, Dollar Tree, JPMorgan Chase, Subway, Whataburger and Chili’s. The sale also includes six available development parcels/pad sites.

The HFF investment sales team representing the seller was led by senior managing director Rusty Tamlyn and associate director Trent Agnew.

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