HOUSTON-De La Vega Capital has made its first acquisition here, buying Gulfgate Square, a 78,690-square-foot shopping center, from Moody Rambin Interests. The fully-leased property sold for an undisclosed amount.
Situated on 7.4 acres at 6800 Gulf Freeway, Gulfgate Square is located in a heavily Hispanic area in southeast Houston about six miles from downtown. The 13-year-old property is shadow-anchored by The Home Depot, which was not part of the acquisition.
Gulfgate Square is anchored by Office Depot and Conn’s. Other tenants include Radio Shack, Subway, Whataburger and IHOP.
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