HOUSTON—A four-decade-old shopping mall that was remade into anoffice complex has traded for an undisclosed sum to OmninetCapital. The 525,580-square-foot Southwest CorporateCenter is located in Houston's southwest/Beltway 8 submarket.
HFF marketed the property on behalf of theseller, TX 9700 Bissonnet LLC. Omninet purchased the property on anall-cash basis and closed in less than three weeks.
SCC was transformed from the former Westwood Mall and renovatedin 2000. The property is 61.9% leased to tenants including StewartLending Services, Texas Children's Health Plan and CorinthianCollege. The two-story property is situated on more than 40acres at 9700 Bissonnet Street close to the U.S. Highway 59 andBeltway 8 interchange, and the Memorial Herman medical complex insouthwest Houston.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
