JLL Capital Markets brokered the sale of Garden Oaks, a 106,858-square-foot, grocery-anchored retail center located in Houston.
The center includes Aldi, Planet Fitness, Dollar Tree, Subway and Leslie’s Poolsmart.
JLL represented the seller, a subsidiary of Silver Star Properties REIT, Inc. Whitestone REIT acquired the asset.
The grocery-anchored retail center is located in the heart of Garden Oaks on Shepherd Drive and spans from W. 38th Street to Garden Oaks Blvd. It is strategically positioned at the center of the fast-growing Garden Oaks neighborhood at the center of the area’s primary retail corridor on Shepherd Drive.
Major retailers, such as HEB, Whole Foods and Home Depot, are all located within a half mile of the site, and Target has announced plans to add a store to the area in the near future. The center is just one mile north of the 610 “loop” freeway, which connects Garden Oaks and Heights residents to the Galleria/Uptown market and downtown.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Ryan West, Senior Director John Indelli and Analysts Ryan Olive and Clay Anderson.
