NewQuest Properties Sells Fully Leased Cy-Fair Town Center To Cy-Fair Center LLC

A fully leased retail property located at 13621 Skinner Road in Cypress, with a total of 9,100 square feet and sitting on 0.84 acres, has been successfully sold by NewQuest Properties to local retail investor Cy-Fair Center LLC. This property boasts a strategic location and strong local demographics, making it highly sought after in the market. Additionally, the property is shadow-anchored by Kroger, further adding to its appeal. In a competitive bidding process, a total of 11 offers were submitted, highlighting the significant interest in this asset.

Summary of transation details

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 13621 Skinner Road
• Market: Cypress
• Square Footage: 9,100
• Acres: 0.84

The deal was facilitated by several brokers from NewQuest Properties, including Marc Peeler, Dakota Workman, Rick Ragan, Thomas Turner, and Davis Sheffield. Their expertise and market knowledge played a crucial role in attracting potential buyers and maximizing the value of the property. With their assistance, Cy-Fair Center LLC emerged as the successful buyer for this retail asset.