HOUSTON – Transwestern’s Houston headquarters today announced it has completed the sale of Hannover Commons Shopping Center located at 2144 FM 2920 in Spring, Texas.
After successfully leasing the newly constructed 10,020-square-foot shopping center to 100 percent 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 vice president. “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, vice president, represented the developer and seller in the transaction.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern. Follow Transwestern’s Houston office on Twitter: @TranswesternHOU.