Winther Investments Acquires 2.1-Acre Retail Site In Houston From 1500 OST LLC

A 2.1-acre retail property located at 1500 Old Spanish Trail in Houston has been sold. The buyer, Winther Investments, plans to develop a five-story, 280-unit project on the site. The transaction was facilitated by brokers Jeff Peden and Scott Miller from Transwestern.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 1500 Old Spanish Trail
• Market: Houston
• Size: 2.1 acres
• Buyer: Winther Investments
• Seller: 1500 OST LLC
• Broker Representatives: Jeff Peden & Scott Miller - Transwestern

Jeff Peden and Scott Miller represented the seller, 1500 OST LLC, in this transaction. The deal signifies a strategic move by Winther Investments in the South Houston market, focusing on multifamily development.