REIT pays $33M for Kleinwood Center with H-E-BREIT pays $33M for Kleinwood Center with H-E-Bhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=76962014-03-20T06:57:00Z2013-04-15T00:00:00Z

SPRING - Phillips Edison-ARC Shopping Center REIT Inc. acquired Kleinwood Center, a 148,963-sf retail property at 7312 Louetta Rd., for $32.5 million.

Located at the intersection of Louetta and Stuebner Airline Roads, the H-E-B anchored center is 92 percent occupied.

The seller was Charter Hall Retail REIT and Regency Centers Corp.

Source: Phillips Edison & Company

Company News Release
Houston-The Woodlands-Sugar Land
http://www.phillipsedison.com/blog/news/archives/2013/03/first-h-e-b-center-acquired-by-phillips-edison-arc.aspxRead more at {Source}

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