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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