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Mansour Group Arranges Almeda Sale

HOUSTON--The Mansour Group, part of Marcus & Millichap, has arranged the sale of the Almeda Crossing Power Center in southeast Houston.

By Anna Caplan | Updated on September 12, 2014

HOUSTON–Alvin Mansour of The Mansour Group, senior vice president investments in Marcus & Millichap’s San Diego office, has arranged the sale of the 223,223-square-foot Almeda Crossing Power Center located in Houston. The 99-percent-leased asset sold for over $30 million to an undisclosed national REIT. The seller was a Texas-based developer.

“The fact that the property was 99 percent leased to a majority of national credit tenants was paramount to the buyer,” said Mansour to GlobeSt.com. “Additionally, they found Conn’s recent relocation to this site from up I-45, and the resulting boost in consumer traffic to the center, to be a major upside.”

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