Gordon acquires Northwest Village, plans remodel in Houston

HOUSTON – Gordon Partners has purchased the 190,000-sf Northwest Village Shopping Center, located at the corner of Hwy. 290 and Jones Rd., from Baceline Value Fund I.

The property is 87 percent leased to 35 tenants, including Spec’s Wines, Liquor and Finer Foods, Harbor Freight Tools, Exclusive Furniture, T-Mobile and Subway.

Gordon Partners plans to remodel the center and create junior anchor space opportunities. The shopping center is Gordon Partners’ first Houston acquisition.

The firm has a 160,000-sf retail center on the drawing board at FM 1464 and Bellaire Blvd. in West Houston and is slated to launch Phase 1 in early 2014.