JLL closes sale of Houston’s Northwest Crossing Centre

Houston Jones Lang LaSalle’s Capital Markets group has closed the sale of Northwest Crossing Centre, a 179,469-sq.-ft., fully leased shopping center in Houston. USA Properties purchased the property from Weingarten Realty. JLL secured 10-year, fixed-rate financing for the acquisition.

Best Buy, Marshalls, Big Lots and Shoe Carnival anchor the center. A 126,000-sq.-ft. Target shadow anchors. The infill center is just 12 miles from Houston’s central business district and nine miles from the Galleria/Uptown market.

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