Houston: Glenbrook Square 73K-SF center sold

HOUSTON – Telephone Square LLC has acquired a 73,000-sf retail center near Houston’s Hobby Airport.

The Kroger-anchored center, which is 92 percent leased, is located at the northwest corner of Telephone Rd. and Bellfort Ave.

The Glenbrook Square Shopping Center is ten miles southeast of Houston’s Central Business District. 

Situated in a dense residential base, there are more than 331,000 people within a five-mile radius of the shopping center. 

Furthermore, the population in the same area is expected to grow by 4.9 percent by the year 2020 due to ease of access to Houston’s largest employment centers, JLL reported.