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18320 West Airport Boulevard

Todd Briddell Of CenterSquare Investment Management Acquires Retail Asset In Richmond For $XXXXM
SOLDRetail

Todd Briddell Of CenterSquare Investment Management Acquires Retail Asset In Richmond For $XXXXM

18320 West Airport Boulevard

Building Size

40,000 SF

Asset Type

Retail

Closing

May 9, 2025

AI

The property asset involved in this transaction is a fully leased retail space known as the Shops at Aliana Trace, which spans 40,000 square feet. It is located at 18320 West Airport Boulevard in the Richmond market. This acquisition is part of a strategic investment in the Houston area and is adjacent to the 200,000 square feet Grand at Aliana retail center, which includes notable anchors such as Target and H-E-B.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 18320 West Airport Boulevard
  • Market: Richmond
  • Square Footage: 40,000
  • Buyer: Todd Briddell
  • Buyer's Company: CenterSquare Investment Management

Todd Briddell, representing CenterSquare Investment Management, has now completed their sixth retail acquisition in the Houston market by securing this property. The transaction enhances their portfolio in a growing retail sector.

Players

Todd Briddell

CenterSquare Investment Management

Buyer

$88.6M

vol

7 deals

Buyer

Richmond Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93