THE WOODLANDS, TX-HFF has closed the sale of Wood Ridge Plaza, a 211,673 square-foot retail center in The Woodlands.
HFF marketed the property on behalf of the seller, CSHV Woodlands, LP, an institutional pension fund advisor. A private real estate fund advised by Crow Holdings Capital Partners, LLC was the purchaser. The price was not disclosed, but the property was free and clear of existing debt. Weiss Realty, LLC will be the new property manager.
Situated on 19.49 acres, Wood Ridge Plaza is located along Interstate 45 North directly across from The Woodlands Mall, approximately 30 miles northwest of downtown Houston. Renovated in 1997, the property is 87% leased to tenants including Pier 1 Imports, Kirkland’s, Office Depot, Mattress Firm, Pappas Bar-B-Q, Dailyspa and Chair King.
The HFF investment sales team representing the seller was led by senior managing director Rusty Tamlyn, managing director Ryan West and associate director Matt Berry.
Crow Holdings Capital Partners, LLC is the investment manager to a series of real estate private equity funds designed to generate current income and benefit from the capital appreciation of portfolio investments.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. HFF operates out of 22 offices nationwide.