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Westwood Financial Closes On Suburban Houston Shopping Center Anchored by H-E-B

Edens Sells Fully Leased Market at Lake Houston
August 8, 2017
Westwood Financial Corp. has finalized a deal to acquire a grocery-anchored shopping center in the Houston suburb of Atascocita, TX from Columbia, SC-based shopping center owner, operator and developer, Edens. Terms of the deal were not disclosed.

The 101,791-square-foot Market at Lake Houston delivered in 2002 and consists of four buildings located at 7405 FM 1960 E, 7411 FM 1960 and 19211 W Lake Houston Pky.

The center is 100% leased to a tenant roster that includes Sally Beauty Supply, Payless ShoeSource, GameStop, VIP Nails and Spa, Five Guys, Market Cleaners, Leslie’s Swimming Pool Supplies, Subway and H-E-B, which anchors the center.

Ryan West and Rusty Tamlyn of HFF's investment sales team represented the seller. Kevin MacKenzie, Jamie Kline and Matthew Putterman of HFF's debt placement team arranged acquisition financing on behalf of the buyer through Nationwide Life Insurance Co.

Please see CoStar Comp #3973697 for more information on the transaction.
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