HFF Negotiates Sale of Houston-Area Retail Center
TEXAS CITY, TEXAS — HFF has negotiated the sale of Palmer Plaza, a 98,816-square-foot retail center in the southern Houston suburb of Texas City. HFF arranged the sale on behalf of the seller, Weingarten Realty Investors. EDIFIS purchased the asset for an undisclosed amount. Palmer Plaza is positioned on 8.4 acres at Emmett F. Lowry Expressway and SH 146. The center, including two outparcel buildings, is 94 percent leased to tenants including Goodwill, Dollar Tree, Anytime Fitness, T-Mobile and Ace Cash Express. Ryan West and Matt Berry led the HFF investment sales team representing the seller.