BREAKING NEWS

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

East River Adding Art to the Mix

Major Warehouse Lease Signed

Unilev Taps Stream Realty

58 Cities Drop Off Million-Dollar Home List

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

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

Tarantino Buys Retail Center from Weingarten Realty

by Realty News ReportNovember 13, 2019
Share0
Houston-based Tarantino Properties acquired a Kroger-anchored center on FM 1960 West.

HOUSTON-(Realty News Report) – Tarantino Properties has acquired Cypress Pointe, a 173,344-SF Kroger-anchored shopping center on FM 1960 in the Cypress area of Houston for about $25 million.

JLL marketed the property on behalf of the seller, Weingarten Realty Investors, a Houston retail REIT traded on the New York Stock Exchange.

Cypress Pointe is 99.1 percent leased and home to a diverse tenant roster of grocery, discount department, food and beverage, professional services and health and beauty tenants.

“I am excited to add Cypress Pointe Shopping Center to our portfolio of income-producing assets,” said Anthony Tarantino, president of Tarantino Properties of Houston. “Cypress is a well-located and tenanted shopping center with Kroger as an anchor, and Ross Dress for Less and Five Below as new tenants.”

Situated on 16.43 acres at 302-430 F.M. 1960 West, the property is along one of north Houston’s primary east-west roadways proximate to where it intersects at Interstate 45.

More than 106,000 residents earning an average annual household income of $75,409 live within a three-mile radius of Cypress Pointe.

The JLL Capital Markets investment advisory team representing the seller included George Cushing, Wendy Vandeventer and Meaghan Gallacher.

Tarantino Properties engaged JLL to place the 10-year, fixed-rate acquisition loan with Morgan Stanley Bank. JLL will service the securitized loan.

The JLL Capital Markets debt placement team representing the borrower was led by Managing Director Cortney Cole and Senior Vice President James Brolan.

Additionally, in a separate transaction, JLL marketed a 4,517-SF, single-tenant restaurant building was sold by Weingarten to Tarantino. The building, located adjacent to Cypress Pointe, is triple net leased to Chick-fil-A.

Weingarten is a Houston-based REIT that controls 170 shopping centers, with 33 million SF in 17 states.

In another Houston deal, Weingarten recently acquired the Shops at Hilshire Village, a 118,000-SF retail center at the northwest corner of Wirt Road and Westview in Spring Branch area.

Nov. 13, 2019 Realty News Report Copyright 2019 …Houston 2020: America’s Boom Town – An Extreme Close Up —Available on Amazon  http://tiny.cc/4a2g6y

Come to Ralph Bivins Book Signing in The Heights  TOMORROW

Thursday Nov 14. – 5:30 to 7:30  — 927 Studewood,  Ste. 200  

Share0
previous post
Los Angeles Firm Acquires Houston Multifamily Community
next post
Real Estate Briefs: Presented by “Houston 2020: America’s Boom Town” – The New Book by Ralph Bivins

Related posts

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

Realty News ReportMarch 25, 2023

East River Adding Art to the Mix

Realty News ReportMarch 23, 2023

Major Warehouse Lease Signed

Realty News ReportMarch 22, 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