HOUSTON-Woodlake Square Shopping Center is getting an extrememakeover. A joint venture comprised of funds sponsored by AmREITInc. and AEW Capital Management LP has started construction on theredevelopment of the 1970s-era center.
The JV acquired the grocery-anchored center is 2007 with plansto redevelop it, according to Ron Lindsey, managing vice presidentof development for AmREIT. “This is excellent real estate, hecontends.
Lindsey notes that the property is located on 20 acres at theintersection of Westheimer and Gessner Roads near one of thedensest and highest income neighborhoods. In addition, more than100,000 cars go through the intersection each day.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
