Houston: Almeda Crossing Power Center sold for $30MHouston: Almeda Crossing Power Center sold for $30Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=30442014-09-17T07:58:00Z2014-09-17T10:00:00Z

HOUSTON - The 223,223-sf Almeda Crossing Power Center located on Almeda Genoa Rd. west of the Almeda Mall has been sold for over $30 million. The center was 99 percent leased at the time of the sale.

Tenants include Conn’s, Ross, Marshall’s, Staples, PetSmart, Party City, Shoe Carnival, Dollar Tree, Anna’s Linens and Aaron’s, and it is “shadow-anchored” by a Walmart Supercenter.

The property is situated in the southeast quadrant of the city in an area that is expected to grow over 9 percent in the next five years.

The buyer was an undisclosed national REIT. The seller was a Texas-based developer.

Houston-The Woodlands-Sugar Land
http://www.globest.com/news/12_944/southwest/retail/Mansour-Group-Arranges-Almeda-Sale-350326.htmlRead more at {Source}

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