Phillips Edison & Company Acquires Retail Asset From Kobalt Investment Company In The Woodlands
26400 Kuykendahl Road
Building Size
—
Asset Type
Retail
Closing
Jan 27, 2026
About this deal
AI
The asset involved in the transaction is located at 26400 Kuykendahl Road, situated in The Woodlands market. It is classified as a retail property, acquired as part of the deal between two prominent companies. The buyer is Phillips Edison & Company, led by Jeffrey S. Edison, while the sellers are Kobalt Investment Company, represented by Andy Crosland and Justin Grissen.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: Jeffrey S. Edison - Phillips Edison & Company
- Seller: Andy Crosland & Justin Grissen - Kobalt Investment Company
- Brokers: John Indelli, Adam Howells, Ryan West & Dawson Hastings - JLL
The transaction was facilitated by JLL Capital Markets, where senior directors John Indelli, Adam Howells, Ryan West, and analyst Dawson Hastings played instrumental roles, leading the coordination of the sale and financing aspects of the deal.
On the Map
Retail
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Players
Tomball 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