Lighthouse Plaza The three-year-old, 100% local-tenant occupied center was purchased by a local individual investor.

HOUSTON—A two-day online auction event attracted 11 fully approved and registered bidders with five bidders placing live bids. Ten-X, formerly Auction.com, closed Lighthouse Plaza, a 10,600-square-foot retail strip center on the auction platform from a seller that was a local LLC—a first-time user of the platform. The 2013-built, 100% local-tenant occupied center was purchased by a local individual investor.

“The successful sale of Lighthouse Plaza in Houston demonstrates how Ten-X delivers what buyers, sellers and brokers need to be successful in today’s commercial real estate market,” says Gordon Smith, general manager of Ten-X’s commercial real estate division. “Our ability to provide direct access to data-driven intelligence, a simplified transaction process and a proven platform that ensures secure online transactions empowers people to confidently transact real estate online.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.