Citymark Church Acquires League City Town Plaza Shopping Center From Prime Real Estate For $7M

The property asset involved in the transaction is a retail shopping center located at Fm 518/Main Street in League City. The shopping center encompasses 99,000 square feet and sits on 13.6 acres. The sale was completed for a total price of $7,000,000, which translates to a price per square foot of $71.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,000,000
• Address: Fm 518/Main Street
• Market: League City
• Square Footage: 99,000
• Acres: 13.6
• Buyer: Citymark Church
• Seller: Prime Real Estate U.S. Properties
• Broker: James Brockway - Brockway Commercial

Citymark Church, which has expanded into a footprint of 36,740 square feet, is currently renovating the shopping center in collaboration with Cre8 Architects and DivisionOne Construction. This acquisition allows the church to accommodate its growing attendance.