LEAGUE CITY, TX-Property Commerce of Houston sold the 194,736-square-foot League City Towne Center to San Diego-based Excel Trust Inc. The 100%-leased property was completed in 2008.
League City Towne Center is situated on approximately 8.7 acres at the intersection of Interstate 45 and Farm-to-Maket 646 (3010 Gulf Fwy. S.) The sale price was undisclosed, though Galveston County appraises the retail property at close to $9 million.
Tenants includ Ross Dress for Less, TJ Maxx, Michaels and PetSmart. Shadow anchors (not included in the sale) include Super Target and Home Depot.
The HFF investment sales team representing the seller was led by managing director Ryan West and senior managing director Rusty Tamlyn.