HFF Brokers Sale of 211,673-Square-Foot Houston-Area Power Center

by Nate Hunter

The Woodlands — The center was 87 percent leased at time of sale.

The Woodlands, Texas —  HFF has brokered the sale of Wood Ridge Plaza, a 211,673-square-foot retail property in The Woodlands, a planned community in Houston. Located on 19.5 acres along I-45 North across from The Woodlands Mall, the power center was 87 percent leased at the time of the sale to tenants including Pier 1 Imports, Kirkland’s Office Depot, Mattress Firm, Pappas Bar-B-Q, Dailyspa and Chair King. Rusty Tamlyn, Ryan West and Matt Berry led the HFF team in marketing the asset on behalf of the seller, CSHV Woodlands LP, an institutional pension fund advisor. A private real estate fund advised by Crow Holdings Capital Partners LLC purchased the property free and clear of existing debt. Weiss Realty LLC will manage the center, which was last renovated in 1997.

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