HOUSTON—HFF has closed the sale ofSpring Cypress Village, a 101,371-square-foot,grocery-anchored retail center in northwest Houston.

HFF marketed the property on behalf of the seller,Delaware Life Insurance Company, formerly known asSun Life Assurance Co. of Canada(US), through its advisor, GuggenheimPartners. Phillips Edison and Co.purchased the asset for an undisclosed amount.

Spring Cypress Village is situated on 15.7 acres at theintersection of State Highway 249 and Spring Cypress Road. The grocery-anchored property was renovated in 2007 and is leasedto national and regional tenants, including Sprouts FarmersMarket, Spec's Liquor, YES Kids Fitness, Wolfies Bar & Grill,State Farm Insurance, Earthwise Pets and afreestandingBurger King.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.

Houston