Jivar Foty And Johnny Ganim Acquire Woodforest Shopping Center In Houston From Jay L. Cooke

The property involved in this transaction is the Woodforest Shopping Center located at 10907-11095 East Freeway, Houston. This retail asset spans a total of 197,231 square feet. The property underwent a multi-year renovation which successfully increased its occupancy from 37% to 96%, and it has seen a $9 million increase in value due to new tenants.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Square Footage: 197,231 SF
• Address: 10907-11095 East Freeway
• Market: Houston
• Buyer: Jivar Foty - Rise Group Investments
• Buyer: Johnny Ganim - Regional Properties
• Seller: Jay L. Cooke - Cooke Management
• Broker: Shawn Ackerman - Henry S. Miller

Jivar Foty and Johnny Ganim acquired the asset from Cooke Management, with Shawn Ackerman of Henry S. Miller serving as the broker for this transaction. The increased occupancy rate has been attributed to the addition of new tenants, which includes Memorial Hermann, Northern Tool, and Concentra.