BREAKING NEWS

Energy Corridor Building Acquired

Multifamily Construction to Fall 28 Percent, says NAHB

Woodforest Bank Buys Buildings in The Woodlands

RNR Real Estate Briefs – HOU, AUS, DAL & more

A Tide of Transformation: The Ralph Bivins Project podcast with…

After Selling Exxon Building, Shorenstein has Another Sale Working

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Pearland Apartments Sold

by Realty News ReportMarch 31, 2014
Share0
Retreat at Shadow Creek Apartments, Pearland, Texas
Retreat at Shadow Creek Apartments, Pearland, Texas

HOUSTON – Inland Real Estate Acquisitions purchased Retreat at Shadow Creek Ranch in Pearland, Texas. The newly constructed, 370-unit apartment complex is located at 2500 Business Center Drive and is adjacent to Shadow Creek Ranch, a master-planned community.

Ryan Epstein of CBRE in Houston represented the seller, McCann Realty Partners, in the transaction.

Since its completion, the Class A complex has had a rapid lease-up to 90% occupancy. Move-ins averaged more than 40 units per month from February through October, 2013.

“The strength of this property’s lease-up demonstrates the demand for high-end apartments as the medical industry begins to move into the Pearland area,” said Epstein.

Kelsey-Seybold and Memorial Hermann has recently opened location nearby. HCA is constructing a $71 million facility within walking distance.

McCann has broken ground on another multifamily project in Pearland, which is just south of Houston.

 

 

Share0
previous post
PM Realty Buys Property Near its New High-Rise Near Greenway
next post
Piedmont REIT Breaks Ground on Energy Corridor Office Project

Related posts

Energy Corridor Building Acquired

Realty News ReportFebruary 3, 2023

Multifamily Construction to Fall 28 Percent, says NAHB

Realty News ReportFebruary 1, 2023

Woodforest Bank Buys Buildings in The Woodlands

Realty News ReportJanuary 31, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact