Hartman Retail II, DST Acquires Mission Bend Shopping Center

HOUSTON – Hartman Retail II, DST. (HRII), a Delaware Statutory Trust, announced today that it purchased Mission Bend Shopping Center in Houston, Texas for $15,070,000 located on the southwest corner of Bellaire Boulevard and Highway 6.

Mission Bend Shopping Center is a 140,576 SF, commercial retail shopping center located at 6806 Highway 6 in Houston.  The property sits on 10.9203 acres of land. Mission Bend Shopping Center built in 1984 and improved through 2008, is approximately 98% leased to a diverse mix of tenants including dd’s Discounts, Melrose Family Fashions, Dollar General and Harbor Freight.

George Cushing and Wendy Vandeventer with JLL represented the seller in the transaction. Dave Wheeler, Julian Kwok, CCIM and Russell Turman represented the buyer, Hartman Retail II DST.

“We are excited to continue the growth of our portfolio with properties that have excellent opportunities. Our team continues to discover opportunities of growth in the market and look forward to our future acquisitions,” said Al Hartman, CEO of Hartman.