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Single Tenant Sales Attract Deep Pool of Buyers

Investors are attracted to the metro area’s healthy retail fundamentals underpinned by nation-leading population and employment growth, leading to the sale of two single-tenant retail buildings.

MedExpress MedExpress Urgent Care is a neighborhood healthcare provider.

HOUSTON—Two single-tenant retail buildings have sold in the metro, signaling a continued demand due to population growth and strong fundamentals. The larger of the two buildings was a 7,568-square-foot building leased to Bank of America’s Hedwig Village branch in the Memorial Villages area.

The seller was Hedwig Redevelopment Partners Ltd., which is a joint venture sponsored by locally based Fuller Realty Partners LLC. The North American Development Group NNN REIT purchased the property for an undisclosed amount.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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