LEAGUE CITY - The 194,736-sf League City Towne Center, located on 8.7 acres at the intersection of I-45 and FM 646, was sold by Property Commerce of Houston to Excel Trust Inc. for $39.5 million.
The 100 percent-leased property was completed in 2008. Galveston County appraises the retail property at close to $9 million.
Tenants include Ross Dress for Less, TJ Maxx, Michaels and PetSmart. Shadow anchors (not included in the sale) include Super Target and Home Depot.
Read more at GlobeSt.com and the SEC.
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