SEVEN-PROPERTY RETAIL PORTFOLIO SOLD
HOUSTON — The Houston office of Holliday Fenoglio Fowler (HFF) has brokered the sale of a seven-property retail portfolio. The portfolio comprises seven strip centers located in the Houston area that total 213,685 square feet. HFF’s Rusty Tamlyn and Mike Parker marketed the portfolio on behalf of the undisclosed seller. The buyer was Houston-based Joint Properties, Ltd., a partnership of locally based Satya, Inc. Management will be provided by Satya, with Josh Jacobs of locally based Page Partners handling leasing. As part of the transaction, the buyer also agreed to acquired an eighth property, which is expected to close in the first quarter of 2009.