REBusinessOnline

Brixmor Sells 136,747 SF Grocery-Anchored Retail Center in Houston

Northwood-Plaza-Houston

About 79,000 people living within a three-mile radius of Northwood Plaza in Houston.

HOUSTON — Brixmor Property Group Inc., a New York City-based shopping center REIT, has sold Northwood Plaza, a 136,747-square-foot retail center in Houston. Anchored by local grocer Food City, the property was 91 percent leased at the time of sale to tenants such as Beauty Supply, Family Dollar, Burger King and Subway. Ryan West, John Indelli and Charles Strauss of HFF represented Brixmor in the transaction. Michael Johnson and Stuart Hepler of HFF arranged acquisition financing through Amerant Bank on behalf of the undisclosed buyer.

 

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