REAL ESTATE

Mansour brokers sale of Pet Smart and TJ Maxx

BY Michael Fickes

Louisville, Ky. — The Mansour Group has announced the sale of Pet Smart and TJ Maxx, a 49,410-sq.-ft. retail box on an outparcel located in a 218,000-sq.-ft. shopping center owned by Weingarten. The seller was a national real estate advisory group and the buyer was a private investor.

The offering is part of a large portfolio of similar former Service Merchandise assets — all exclusively listed by The Mansour Group.

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REAL ESTATE

Unleashed by Petco to Queens Fresh Meadows neighborhood

BY Michael Fickes

Queens, N.Y. — The Fresh Meadows neighborhood in Queens is getting an Unleashed by Petco store. The new store will begin its grand opening celebrations Saturday, Nov. 9 and continue the celebrations over two more weekends.

The Fresh Meadows Unleashed buy Petco will host several community gatherings throughout the year. There will be adoption events aiming to unite the area’s shelter pets with forever homes, Pug-a-Palooza, local dog meet-ups, contests and social gatherings.

Petco introduced Unleashed by Petco in 2009 as a smaller version of its big stores.

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REAL ESTATE

Transwestern brokers purchase of Houston-Area property

BY Michael Fickes

San Antonio, Texas — Transwestern’s San Antonio office today announced that it has completed the sale of Rosenberg Center in Rosenberg, Texas, a suburb of Houston. Built in 1986, the 113,430-sq.-ft. neighborhood retail center serves a commercial corridor between Rosenberg and Richmond, Texas. A private investor bought the property for an undisclosed amount from Rosenberg Station LLC.

“Our client was in the market for an asset with a value-add component and found it in the Rosenberg Center, which had been on the market for some time,” said Andy Besing, a Transwestern senior associate who represented the buyer.

As a result of Fort Bend’s economic growth, Rosenberg’s retail market has seen an overall occupancy boost in the last year. Retail rents are positioned for growth and the overall outlook is set to accelerate with robust job creation and greater consumer spending. Fort Bend is the fast-growing county of the 10 largest counties in Texas and is also the 14th fastest growing in the country.

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