HOUSTON–Red Tail Acquisitions has sold Atascocita Shopping Plaza. The 158,613-square-foot shopping center was acquired by a private, unnamed investor. The sales price was not disclosed.
The grocery-anchored retail center is located on 16.7 acres in Humble, TX. It is 94.7% occupied with tenants such as Aldi, Dollar Tree, Specs and Goodwill Industries.
“This property featured Aldi on a lease, which is rare in the Houston area as most are free-standing owned stores,” says HFF‘s Rusty Tamlyn, who marketed the property for the seller. “It also involved a loan assumption and is located in a thriving retail section of Atascocita in northeast Houston.”
In addition to Tamlyn, HFF’s Ryan West and Matt Berry arranged the deal.