HOUSTON—HFF has closed the sale of Palmer Plaza, a 98,816-square-foot retail center in Texas City.
HFF arranged the sale of the property on behalf of the seller, Weingarten Realty Investors. EDIFIS purchased the asset for an undisclosed amount.
Palmer Plaza is positioned on 8.42 acres at Emmett F. Lowry Expressway (FM 1764) and SH 146 in the heart of the city's main retail corridor. The center, including two outparcel buildings, is 94.1 percent leased to a mix of national and local tenants, including Goodwill, Dollar Tree, Anytime Fitness, T-Mobile and Ace Cash Express and is adjacent to a newly-constructed H.E.B.
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