May 29, 2020 Comments Off on Grocery-Anchored Retail Trades in NW Houston Views: 435 Houston-Galveston, Texas News

Grocery-Anchored Retail Trades in NW Houston

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RPI Interests I Ltd. has sold Inwood Forest Shopping Center in northwest Houston to Fahra International Inc. for an undisclosed sum. The 89,213-square-foot, two-building project is located at 5700-46 W. Little York Rd. in the near northwest submarket.

David Luther, EVP of the investment sales group for Houston-based NewQuest Properties, along with SVP Bob Conwell and VP Josh Friedlander, represented the seller and sourced the buyer in the recently-closed transaction.

Inwood Forest is anchored by a 20,460-square-foot La Michoacana grocery, 20,000-square-foot Giant $ and 9,800-square-foot CSL Plasma. The six-acre project is one of the largest retail centers in a densely developed, diverse neighborhood of single-family homes, apartment complexes and condominiums, says NewQuest.

“This is a property with a tenant roster that lines up nicely to the challenges that people are facing,” said Luther. “At least 75% are essential businesses.”

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