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Sega Development LLC Acquires 82,073 SF Retail Center In Houston From True Saga LLC For $12.4M

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SOLD

Texas

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Retail82,073 SF
Sold 07/14/2025
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SOLD

Sega Development LLC Acquires 82,073 SF Retail Center In Houston From True Saga LLC For $12.4M

1319 Cypress Creek Parkway

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Retail82,073 SF
Sold 07/14/2025
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Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:82,073 SF
Transaction Type:Sale

The property asset involved in the transaction is an 82,073 square foot retail center located at 1319 Cypress Creek Parkway in Houston. The transaction was valued at nearly $12.4 million. The retail center is situated on 7.1 acres and is 97% leased, with Advance Auto Parts serving as an anchor tenant. It was sold by True Saga LLC following a four-year hold period.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $12.4M
  • Address: 1319 Cypress Creek Parkway
  • Market: Houston
  • Square Footage: 82,073
  • Acres: 7.1
  • Buyer: Sega Development LLC
  • Seller: True Saga LLC
  • Buyer's Representative: Northmarq Commercial LLC
  • Seller's Representative: Dakota Workman - NewQuest Properties

NewQuest Properties facilitated the sale of the retail center, which was strategically located next to major residential developments, enhancing its attractiveness to buyers. Dakota Workman represented the seller, True Saga LLC, during the transaction, while Northmarq Commercial LLC represented the buyer, Sega Development LLC.

Players

Dakota Workman
NewQuest Properties
Dakota Workman
13 deals$39K volume
BROKER
NorthMarq
NorthMarq
BROKERAGE
NewQuest Properties
NewQuest Properties
BROKERAGE

Details

SOLD
IMAGE: Dakota Workman DATE: 07/14/2025 ADDRESS: 1319 Cypress Creek Parkway MARKET: Houston ASSET TYPE: Retail ~ SF: 82,073 ~ ACRES: 7.1 BUYER: Sega Development LLC SELLER: True Saga LLC BUYER'S REP: Northmarq Commercial LLC SELLER'S REP: Dakota Workman (@Dakota_Workman) - NewQuest Properties (@NQ_Properties) NOTE: NewQuest brokered the sale of Ella Plaza, an 82,073 SF retail center in North Houston, for nearly $12.4M to Sega Development LLC. The 97%-leased property, anchored by Advance Auto Parts, sits next to major residential developments and was sold by True Saga LLC after a four-year hold.

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