HOUSTON – USA Properties has purchased the Northwest Crossing Centre, a 179,469-sf, fully leased shopping center in northwest Houston. The center is anchored by Best Buy, Marshalls, Big Lots and Shoe Carnival. The seller was Weingarten Realty.
Jones Lang La Salle Managing Director George Cushing and Vice President Wendy Vandeventer led the JLL Capital Markets team on the transaction. Executive Vice President Jimmy Board secured 10-year, fixed-rate financing for the acquisition.
“This property attracted intense interest in the marketplace,” Cushing said. “The shopping center is in great shape, with no vacancies, and has a rent roll dominated by national and regional credit tenants.”
Northwest Crossing Centre, which is shadow anchored by a 126,000-square-foot Target, is at the intersection of U.S. 290 and Hollister Road. The infill center is located only 12 miles from Houston’s Central Business District and nine miles from the Galleria/Uptown market.