Greg Sembler And Peter Collins Acquire 144,000 Square Foot Eldridge Town Center In Houston
12330 Farm-To-Market Road 1960 West
Building Size
144,000 SF
Asset Type
Retail
Closing
Sep 22, 2026
About this deal
AI
The property asset involved in this transaction is the Eldridge Town Center, a retail shopping center located at 12330 Farm-To-Market Road 1960 Road West in Houston, TX. This center encompasses 144,000 square feet and was 96% leased at the time of sale, featuring major tenants such as Kroger, Petco, Panera Bread, Chase Bank, and Chipotle. The shopping center was built in 2000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 144,000
- Address: 12330 Farm-To-Market Road 1960 Road West
- Market: Houston, TX
- Buyer: Greg Sembler - The Sembler Co.
- Buyer: Peter Collins - Forge Capital Partners
Greg Sembler represents The Sembler Co. and Peter Collins represents Forge Capital Partners in this acquisition. The transaction adds to their portfolio, bringing the firms’ joint total to 26 shopping centers across six states.
On the Map
Retail
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Players
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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