CBRE has arranged the sale of Baybrook Village, a 278,842 sq. ft. shopping center located at 1507 West Bay Area Boulevard in Webster, Texas. The property was acquired by Fidelis Realty Partners from O’Connor Capital Partners/Wafra for an undisclosed price.
Mark Witcher, Jolie Duhon, Jim Batjer, Chris Cozby, and Harrison Tye, with CBRE National Retail Partners represented the seller in the sale. Brent Crawford and John Fenoglio with CBRE’s Debt & Structured Finance group arranged financing on behalf of the buyer.
Baybrook Village is anchored by a roster of national retail tenants, with recent leasing momentum driven by newly executed leases with Havertys, PGA Tour Superstore, Burlington, CAVA and other national and local retailers. Baybrook Village is situated within one of Houston’s most institutionally concentrated retail corridors and is immediately adjacent to Baybrook Mall, the state’s most‑trafficked shopping mall.
The surrounding Webster retail footprint comprises more than 5 million sq. ft. of space, with more than 45 million annual visits, and boasts a 1.9% vacancy rate. The property was 99% occupied at the time of sale.
