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10,000-SF Shopping Center Changes Hands

HOUSTON-The Greenwillow Center in the northwest submarket goes to an investment group comprised of three family trusts from San Francisco, which pays close to the $1.7-million asking price for the fully leased property.

By Jennifer Brenner Andrade | Updated on April 16, 2004

HOUSTON-The 10,000-sf Greenwillow Center in the northwest corridor has been sold to an investment group made up of three family trusts from San Francisco. The fully leased center has brought close to its $1.7-million asking price.

Remington Homes, a merchant builder from Houston, was the seller of the one-acre development at 16929 Tomball Parkway. Don Stringham with Marcus & Millichap’s Houston office tells GlobeSt.com that the deal closed 25 days after the purchase contract was inked. The buyers–a trio of family trusts–won the nod with the top offer on the table and the quick-close capability. He and Marcus & Millichap’s Brad Bailey brokered the sale, which pulled seven offers in a four-month marketing period.

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