Magnolia, TX – February 19, 2024) SVN | J. Beard Real Estate – Greater Houston completes the sale of Windcrest Village Square – Phase II, a 14,907-square-foot retail strip center at 9533 FM 1488 in Magnolia, TX. Located approximately three miles west of the intersection of FM 2978 and FM 1488, the newly constructed Class A shopping center is 100% leased by a mixture of leading national and regional tenants. Advisor Rosa Dye of SVN | J. Beard Real Estate – Greater Houston represented the seller, Workhubusa. The buyer, Windcrest FM 1488 Center Holdings, LLC, was referred to Dye by out-of-state broker Don Maclellan with Farislee Investments. “It was a pleasure to work with Workhubusa,” said Dye. “In 2023, I was assigned to assist with the leasing and sale of the newly constructed strip center. I enjoyed cultivating a unique tenant mix for my client’s one-of-a-kind investment opportunity. Due to the impeccable location and outstanding tenant mix, the center had several inquiries for purchase. We even obtained several backup offers, which proved to be an asset before closing. All in all, I’m very pleased with the results of the transaction. It was very rewarding to capitalize on the maximized value […]
Retail for Sale
SVN | J. Beard Real Estate – Greater Houston Completes the Sale of Renaissance Center in Magnolia, TX
(Magnolia, TX – March 27, 2023) SVN | J. Beard Real Estate – Greater Houston has recently completed the sale of Renaissance Center, a grocery-anchored retail center in Magnolia, TX. Located on the northeast corner of the major intersection of FM 1774 and FM 1488 in the heart of Magnolia, Renaissance Center is anchored by Brookshire Brothers and features several other tenants including Woodforest National Bank, Petsense, and Anytime Fitness. The grocery anchor and other daily-use tenants combined with the main and main location make Renaissance a landmark shopping center in Magnolia. Advisor Matt Knagg of SVN | J. Beard Real Estate – Greater Houston represented the private seller. Brittany Jameson, also from SVN | J. Beard Real Estate – Greater Houston, represented the undisclosed buyer, an undisclosed tenant in common investor. “It is always a pleasure to work with another SVN | J. Beard Real Estate – Greater Houston team member,” said Jameson. “Matt and I were able to collaborate to ensure that both the buyer and seller walked away with the best possible deal. My buyer is thrilled with their investment and already has plans in motion to revitalize and modernize Renaissance Center.” Knagg added, “This deal was […]