The 158,869-sf center, with a quoted rate of $24 per sf annually, is located at 6200 State Highway 6 South at its crossroads with University Boulevard. Matt Keener of Trammell Crow Co.'s Houston office represented the owner of the 96%-leased, Kroger-anchored center.
Jason Gaines, a Houston associate with Dallas-based Henry S. Miller Commercial, says the transaction marks Dahn Yoga's final deal of the year for the region. "They did eight deals this year in the Houston area," says Gaines, who is representing Dahn Yoga in its expansion activities.
Gaines says the Korean-based company will add at least four more locations by yearend 2006. The corporate goal for next year, though, is a maximum of six more sites. "There's a real demand for something like this in Houston and not much supply," he tells GlobeSt.com.
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