**Revived Houston Retail Center Sells to Investor Duo**
Five years ago, the Woodforest Shopping Center, located at 10907 East Freeway in Houston, was struggling with a dismal 37% occupancy rate. Cooke Investment stepped in to revitalize the nearly 200,000-square-foot retail center, executing a significant overhaul that attracted a strong roster of tenants.
Today, the plaza is home to brands such as Memorial Hermann Sports Medicine & Rehabilitation, Northern Tool, National Tire and Battery, Dollar Tree, Concentra, WSS Shoes, Ojos Locos, and Giant Dollar. Thanks to these efforts, the property now boasts an impressive 96% occupancy rate.
In a sign of renewed investor confidence, the shopping center was acquired last month by Rise Group Investments and Regional Properties Texas. The transaction was brokered by Shawn Ackerman, President and Managing Partner of Henry S. Miller Brokerage.
Cooke Management, formerly known as CRG Properties, has been involved in property acquisition and development for over four decades. The firm is known for identifying unique investment opportunities and is currently focused on multi-family property development across several major U.S. markets.
