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Shopping center in Texas changes hands

Houston - Transwestern has completed the sale of Hannover Commons Shopping Center in Spring, Texas. After leasing the newly constructed 10,020-sq.-ft. shopping center to 100% occupancy, Transwestern represented the seller, Hannover Woods Retail Partners LLC, in the disposition of the asset to a local investor.

"The center is located directly across from the area's only HEB," said Transwestern's Micha van Marcke, CCIM, senior VP. "The sale of the center was greatly enhanced by its proximity to the new Exxon Mobil campus currently under construction. As a result, the property received strong interest from not only local buyers but investors from across the country."

Transwestern's van Marcke, Chace Henke, retail associate, and Tony Armstrong, VP, represented the developer and seller in the transaction.

 

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