HOUSTON--HFF has closed the sale of Pines of Louetta North, a 71,090-square-foot retail center in North Houston.

HFF arranged the sale of the property on behalf of the seller, Pines of Louetta North LP.

“We had numerous offers within days of being in the market and were able to quickly come to terms with a great buyer who closed all cash ahead of schedule,” Ryan West, managing director at HFF, says.  “The interest level we had in this asset is indicative of the strong overall Houston retail sector.” 

Built in stages from 2009 to 2014, Pines of Louetta North is comprised of three buildings that are 92 percent leased to national and regional tenants including Spec's Wine, Spirits & Finer Foods, Dickey's Barbecue Pit, Chipotle Mexican Grill, Schlotzsky's and Salata. Located at 1600-1620 Louetta Road, the property is just west of Interstate 45 and is 26 miles north of downtown Houston.

West, associate director Matt Berry and real estate analyst Robbie Kilcrease led the HFF investment sales team representing the seller.