Search
 

Houston Investor Sells Freedom Center in Bryan

BRYAN, TX-Seeking to redeploy capital into other projects, a Houston-based investor has sold a 10,150-sf shopping center here. The property came with a $1.1 million, non-recourse loan that had to be assumed by the buyer.

By Jennifer Brenner Andrade | Updated on September 25, 2003

BRYAN, TX-A Houston-based investor has sold Bryan Freedom Center, a 10,150-sf multi-tenant shopping center at 3303 Freedom Dr. here, a college town located less than 90 miles northwest of Houston. S&S Freedom LP, a private investment partnership based in Austin paid close to the $1.69 million sticker price for the asset.

The center, which is situated on roughly an acre, came with a $1.1 million, non-recourse loan through Prudential Mortgage Capital Co. of Newark, NJ, that had to be assumed by the buyer. Christopher D. Winters with the Houston office of Colliers International represented the seller, whose name of record was Bryan Freedom Center Ltd. in the deal.

He tells Globest.com that because of the non-prepayable conduit loan on the property, he focused his marketing efforts on buyers that would find such a deal attractive. The seller was the original developer of the asset, he explains, and was disposing of the property in order to redeploy capital into other projects.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.