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Brixmor Sells Five Shopping Centers

by Nate Hunter

Houston — The five centers in the Houston MSA total 262,755 square feet.

The 132,230-square-foot North 45 Plaza is 84 percent occupied.Houston  — Brixmor has sold five shopping centers totaling 262,755 square feet in the Houston MSA. The centers include North 45 Plaza, Tidwell Place Shopping Center and Lazybrook Shopping Center in Houston, as well as Parkview West Shopping Center and Parkview East Shopping Center in Pasadena.

North 45 Plaza includes 132,230 square feet and is 84 percent occupied by tenants including CiCi’s Pizza and Family Dollar. The 41,855-square-foot Tidwell Place Shopping Center is 71 percent occupied. Parkview West and Parkview East are both approximately 40,000 square feet. The 10,745-square-foot Lazybrook Shopping Center includes tenants Flying Dragon Restaurant and State Farm Insurance.

Jerry Goldstein of Marcus & Millichap’s Houston office represented the seller in the transaction. A Dallas-based private investor group acquired North 45 Plaza, Tidwell Place and Parkview West. A Houston-based investor purchased Lazybrook and an Amarillo-based partnership acquired Parkview East.

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