Wu Properties goes shopping, buys West Houston retail power center

HOUSTON –  Locally based Wu Properties has purchased Market Square at Eldridge, a 262,556-sf retail center at 2660 Eldridge Pkwy. S., about four miles south of the Energy Corridor.

The roughly 32-acre property was 98 percent leased at the time of sale. It has an appraised value of more than $44 million, according to the Harris County Central Appraisal District.​

Tenants include Burlington, Michael’s, Party City, PetSmart, Dollar Tree, HomeGoods, Bath & Body Works, Ulta Beauty, Cato, Old Navy and Office Depot. The strip center also has a Target store and a vacant Sam’s Club, but they weren’t included in the transaction.

Market Square is among the top 5 percent of U.S. shopping centers for foot traffic, according to commercial real estate company JLL, which marketed the property on behalf of the seller, Walton Street Capital.