Bridgewell Property Management recently acquired two adjacent retail centers totaling more than 93,700 square feet in Houston. Representing the seller, Whitestone REIT, JLL facilitated the deal which included a 49,359-square-foot Sunridge Shopping Center and 44,398-square-foot Westchase Plaza.
The shopping centers boast an impressive occupancy rate of approximately 80 percent with tenants such as La Tapatia Little Caesars Subway and United States Postal Service along with various local retail and medical businesses that have remained at the center for nearly 12 years on average. Bridgewell’s portfolio now includes over 30 properties in Houston metro amounting to 2 million square feet comprising of retail industrial storage and mixed use space while Whitestone REIT is a community centered real estate investment trust (REIT) specializing in open air shopping centers located across Phoenix Austin Dallas Fort Worth Houston San Antonio markets.
