Dhanani Private Equity Group Acquires Kingwood Commons Retail Property In Kingwood

Dhanani Private Equity Group has acquired Kingwood Commons, a 165,000-square-foot retail property in Kingwood, Texas. The property, located at 600 Kingwood Drive, was purchased from Kite Realty Group. The purchase price for the transaction was not disclosed. Kingwood Commons is currently 45 percent occupied and includes tenants such as Pei Wei, Carrabba's, and Petco.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Square Footage: 165,000
• Address: 600 Kingwood Drive
• Market: Kingwood

The buyers, Nick Dhanani and Nikhil Dhanani, represented Dhanani Private Equity Group in the transaction. The sellers were Kite Realty Group.