SDI REALTY MANAGEMENT ACQUIRES SITE FOR RETAIL REDEVELOPMENT

MISSOURI CITY, TEXAS — SDI Realty Management has acquired an approximately 20-acre site located at the corner of Murphy Road and Highway 6 in Missouri City for redevelopment. The existing hospital and professional office building will be razed, and the site will be redeveloped into a retail center anchored by Lowe’s Home Improvement Warehouse. Keith Lloyd and Sam Sheff of the Houston office of Grubb & Ellis, along with Kirk Guilanshah of System Executive Real Estate, represented the land seller, Memorial Hermann.