Houston: $21M takes Spring Cypress VillageHouston: $21M takes Spring Cypress Villagehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=34192014-08-11T14:11:00Z2014-08-11T00:00:00Z

HOUSTON - Spring Cypress Village, a 101,371-sf, grocery-anchored retail center in northwest Houston, has been sold for $21.4 million. The center is situated on 15.7 acres at the intersection of SH 249 and Spring Cypress Rd. It was renovated in 2007.

Spring Cypress Village (with 97,550 rentable sf) was 79 percent leased to 11 tenants at the time of sale.

The center includes a 28,001-sf Sprouts Farmers Market, Spec’s Liquor, YES Kids Fitness, Wolfies Bar & Grill, State Farm Insurance, Earthwise Pets and a freestanding Burger King.

Phillips Edison and Company purchased the center from Delaware Life Insurance Company.

Houston-The Woodlands-Sugar Land
http://www.globest.com/news/12_916/houston/retail/Spring-Cypress-Village-Retail-Property-Acquired-by-Phillips-Edison-349016.htmlRead more at {Source}

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