RMT 42 LLC Acquires Fully Leased Spring Park Village From Cypresswood Partners LLC For All-Cash Deal

The property asset involved in this transaction is a fully leased retail center located at 19380 Interstate 45 in Spring, Texas. The asset spans 33,060 square feet and sits on 4.07 acres. The transaction was facilitated between two entities, with Cypresswood Partners LLC as the seller and RMT 42 LLC as the buyer.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: All-cash deal
• Buyer: RMT 42 LLC
• Seller: Cypresswood Partners LLC
• Buyer's Representative: Marc Peeler - Partners Real Estate
• Seller's Representative: Dakota Workman - NewQuest Properties
• Market: Spring
• Anchors: Boot Barn, shadow-anchored by Topgolf
• Occupancy: 98% of asking price achieved
• Number of Tenants: 9
• Close Duration: 27 days

This transaction was notable for being brokered by NewQuest Properties, which represented Cypresswood Partners LLC, while Partners Real Estate represented RMT 42 LLC. There was significant interest in the property, resulting in multiple offers attributed to its prime location and strong demographics.