HOUSTON—A four-decade-old shopping mall that was remade into an office complex has traded for an undisclosed sum to Omninet Capital. The 525,580-square-foot Southwest Corporate Center is located in Houston's southwest/Beltway 8 submarket.
HFF marketed the property on behalf of the seller, TX 9700 Bissonnet LLC. Omninet purchased the property on an all-cash basis and closed in less than three weeks.
SCC was transformed from the former Westwood Mall and renovated in 2000. The property is 61.9% leased to tenants including Stewart Lending Services, Texas Children's Health Plan and Corinthian College. The two-story property is situated on more than 40 acres at 9700 Bissonnet Street close to the U.S. Highway 59 and Beltway 8 interchange, and the Memorial Herman medical complex in southwest Houston.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
