HOUSTON – (Realty News Report) – Wu Investments has acquired the Beechcrest Shopping Center, an 89,679- retail center anchored by a local grocery store in Southwest Houston.
The center sits on 7.17 acres at 10828 Beechnut, near Wilcrest Street.
HFF’s Ryan West, John Indelli, Charles Strauss and Ethan Goldberg marketed the property for the seller, Florida-based Global Fund Investments, LLC.
Beechcrest Shopping Center is 100 percent leased to a diverse mix of internet-resistant tenants, including Wazobia African Markets, DD’s Discounts, Dollar General, Lone Star Title, Pizza Hut, Lu-Ann Furniture, Holman Medical, Liquor Store 4, Ace Dry Cleaners, Taqueria El Charro, N’Joi Coffee & Tea and Jolynn’s Crawfish.
“Beechcrest Shopping Center has the perfect tenant mix for its dense surrounding population, and this asset will be a great addition to Wu Investment’s portfolio,” West said.
Wu Investments owns several retail centers in Texas and Ohio. In addition, the firm is currently developing an additional three locations in the Greater Houston area with tenants, including Aldi, Starbucks and Sprint. Tenants within Wu’s portfolio include Kroger, Steinmart, Dollar Tree, Bank of America, Subway, AT&T, Goodwill and several others.