Brixmor Property Group Acquires Vintage Marketplace Retail Center In Houston For Undisclosed Amount

The transaction involved a retail asset located at 10133 Louetta Road in Houston, TX. The property encompasses 72,184 square feet and is grocery-anchored, featuring Whole Foods Market as its primary tenant. This shopping center is currently 94.4% leased and sees more than 2.1 million annual visits, making it a significant destination in the Louetta submarket.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 10133 Louetta Road
• Market: Houston, TX
• Asset Size: 72,184 SF
• Buyer: Brian Finnegan - Brixmor Property Group
• Seller: Read King
• Brokers: Ryan West, Chris Gerard & Erin Lazarus - JLL

The acquisition was made by Brian Finnegan representing Brixmor Property Group from the developer Read King. The property is strategically positioned as the only Whole Foods-serving center within its immediate trade area, contributing to its robust foot traffic and leasing capacity.