Silvestri Investments Acquires 38,000 Square Foot Retail Property In Spring Texas With JLL's Representation

JLL Capital Markets arranged the sale of a retail property located at 1000 Lake Plaza Drive, Spring, Texas. This asset comprises 38,000 square feet on a 2.29-acre site, specifically housing a 24 Hour Fitness facility. The location is part of the City Place mixed-use development, which is in proximity to Exxon’s Global Headquarters, offering notable growth potential due to its strategic position and the area's rapidly expanding population.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Square Footage: 38,000
• Acres: 2.29
• Address: 1000 Lake Plaza Drive
• Market: Spring
• Buyer: Silvestri Investments
• Brokers: Alex Geanakos, Gianna New, John Indelli, Nick Franklin, Ryan West & Torri Rosene - JLL

The transaction involved key brokerage representatives from JLL, showcasing their role in facilitating the deal. Alex Geanakos, Gianna New, John Indelli, Nick Franklin, Ryan West, and Torri Rosene represented the buyer, Silvestri Investments, bringing expertise to this notable transaction in the retail sector.