HOUSTON – Telephone Square LLC., a California investment entity led by Ai Hoa Wu, has acquired a 73,000-SF retail center near Houston’s Hobby Airport.
The Kroger-anchored center, which is 92 percent leased, is located at the northwest corner of Telephone Road and Bellfort Avenue.
The seller, Houston REIT Weingarten Realty Investors, was represented by George Cushing and Wendy Vandeventer of JLL. JLL’s Jimmy Board arranged $6.2 million in financing from Deutsche Bank.
Read more at Realty News Report