A bustling Whole-Foods-anchored shopping complex has traded hands near West University Place and Bellaire as Houston’s retail property market continues to attract out-of-state investors.
New York-based real estate investment trust Brixmor purchased West U Marketplace, a 60,000 square-foot open-air plaza at 4004-4060 Bellaire Blvd, about 8 miles west of downtown Houston.
Brixmor paid $33.5 million for the complex, according to a May 2 filing with the U.S. Securities and Exchange Commission. The deal closed April 19, according to JLL, which represented the seller, Camden Securities Company, in the deal.
The trophy property is within the dense, wealthy neighborhoods of Bellaire and West University place across the street from one of Brixmor’s existing shopping centers, Braes Heights. Click to read more at www.houstonchronicle.com.