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JLL is pleased to offer to opportunity to acquire Tanglewood Court (the “Property”), a 100% leased, H-E-B grocery anchored shopping center serving Houston’s most affluent and densely populated neighborhoods. The permanence of the location is solidified by access to the city’s best public and private schools, premier retail destinations, the vibrant Galleria/Uptown business district, and top parks and recreation sites such as Memorial Park and Houston Country Club.
Developed in 2014, Tanglewood Court is comprised of 125,500 SF with a 7.1 Year weighted average remaining lease term. The Property is situated on an irreplaceable 12.1 acre urban in-fill site, and is one of the largest land assemblages within the area. Located in the Galleria/Uptown submarket, the Property also draws from a day time population of more than 200,000 residents, employees and visitors. Tanglewood Court offers investors the unique opportunity to own an H-E-B anchored retail center in Urban Houston while enjoying the security of stable income, steady contractual rent increases, and long-term wealth preservation underpinned by a 12.1 acre land assemblage within Houston’s most sought after residential neighborhoods and business district.
Ownership is also currently marketing Pasadena Plaza, a 76,000 square foot Vons grocery-anchored shopping center in Pasadena, CA. Investors interested in more information on this property can contact Robb Wehmueller at Eastdil Secured (415-228-2850; firstname.lastname@example.org)
- EXCEPTIONALLY STRONG DEMOGRAPHICS, HOME VALUES AVERAGING $825,000 WITHIN A 3-MILE RADIUS
- COMPLEMENTARY NATIONAL TENANT MIX
- SITUATED IN THE GALLERIA/UPTOWN SUBMARKET, HOUSTON’S PREMIER SHOPPING DESTINATION & BUSINESS DISTRICT
- #5 RANKED NEIGHBORHOOD CENTER ACROSS HOUSTON
- 12.1 ACRES SITE PROVIDES OPPORTUNITY TO VERTICALLY DEVELOP IN THE FUTURE