LaSalle Acquires Costco-Anchored Center in Houston for $84 Million

by Camren Skelton

Houston — LaSalle Investment Management has acquired Greenway Commons, a Costco-anchored shopping center in Houston, for $84 million.

LaSalle acquired the property on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund. A joint venture between DDR and Blackstone sold the asset. Including Costco, Greenway Commons was fully leased at the time of sale to tenants including LA Fitness, Iberia Bank, Buffalo Wild Wings and Panda Express. 

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