{"id":1004069897,"date":"2013-04-04T06:55:17","date_gmt":"2013-04-04T14:55:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004069897"},"modified":"2022-12-06T19:00:18","modified_gmt":"2022-12-07T03:00:18","slug":"fidelis-realty-buys-grocery-anchored-center-in-houston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fidelis-realty-buys-grocery-anchored-center-in-houston\/","title":{"rendered":"Fidelis Realty Buys Grocery-Anchored Center in Houston"},"content":{"rendered":"<p><em>By Scott Baltic, Contributing Editor<\/em><span style=\"font-size: 13px;line-height: 19px\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Willowchase.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004069902\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fidelis-realty-buys-grocery-anchored-center-in-houston\/willowchase\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Willowchase.jpg\" data-orig-size=\"852,451\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Willowchase\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Willowchase.jpg?w=852\" class=\"alignleft size-medium wp-image-1004069902\" title=\"Willowchase\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Willowchase.jpg\" alt=\"\" width=\"300\" height=\"158\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Willowchase.jpg 852w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Willowchase.jpg?resize=300,159 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Willowchase.jpg?resize=768,407 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>A busy city has to eat, right? In yet another sign that Houston is surging upward again, Fidelis Realty Partners, of that city, has purchased Willowchase Shopping Center, a 273,200-square-foot property anchored by a 92,800-square-foot Fiesta Market supermarket, it was announced Wednesday.<span style=\"font-size: 13px;line-height: 19px\">\u00a0<\/span><\/p>\n<p>Cohen Real Estate, of New York, led by President Helen Putterman and senior managing director Vera Thomas, arranged the sale for seller Wheeler Interests, of Virginia Beach, Va. The sale price was not disclosed, and Fidelis declined to speak with <em>Commercial Property Executive<\/em>.<span style=\"font-size: 13px;line-height: 19px\">\u00a0<\/span><\/p>\n<p>The property, on Willow Chase Drive near State Highway 249 and FM 1960, also includes Jo-Ann Fabrics, Family Dollar and Dots among its major tenants and is 85 percent occupied.<span style=\"font-size: 13px;line-height: 19px\">\u00a0<\/span><\/p>\n<p>The center is across FM 1960 from the Commons at Willowbrook, a 444,000-square-foot power center developed by Fidelis and featuring such tenants as Bed Bath &amp; Beyond, Sam\u2019s Club, Ross and ULTA Beauty. And it\u2019s across Highway 249 from Willowbrook Mall, a 1.8-million-square-foot super regional center anchored by Macy\u2019s, Dillard\u2019s and JCPenney.<span style=\"font-size: 13px;line-height: 19px\">\u00a0<\/span><\/p>\n<p>\u201cCrucial to the deal\u2019s success was the assumption of the existing 30-year loan,\u201d Putterman said in a release. \u201cGetting this done required the sustained commitment and collaboration of both parties, as well as maintaining a close working relationship with the servicer.\u201d<\/p>\n<p>Grocery-anchored centers are hot nationwide, but Willowchase in particular attracted many potential buyers, Putterman told <em>CPE<\/em>. She cited the store\u2019s large size and noted that Fiesta is a financially strong regional grocery chain.<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/southwest\/kbs-strategic-expands-houston-portfolio\/\">From the purchase of suburban office buildings<\/a>\u00a0and substantial<a href=\"https:\/\/www.commercialsearch.com\/news\/headlines\/economy-watch-cypriot-bailout-still-uncertain-americans-drove-more-in-january-hotel-industry-back-to-normal\/\"> RevPAR growth in the hospitality market<\/a>,\u00a0to the <a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/houston\/massive-2100-acre-houston-development-site-hits-the-market\/\">opening of a 2,100-acre Boy Scout camp for commercial and residential development<\/a>, Houston is a steamy market these days.<span style=\"font-size: 13px;line-height: 19px\">\u00a0<\/span><\/p>\n<p>One of three shopping centers in a portfolio just bought by Phillips Edison-ARC Shopping Center REIT Inc.<a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/southeast\/phillips-edison-arc-buys-three-centers-for-49m\/\"> is the 149,000-square-foot Kleinwood Center in the suburb of Spring,<\/a> the company\u2019s first-ever purchase in Texas. The center is anchored by an H-E-B grocery store under a long-term lease.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A busy city has to eat, right? In yet another sign that Houston is surging upward again, Fidelis Realty Partners has purchased Willowchase Shopping Center, a 273,200-square-foot property anchored by a 92,800-square-foot Fiesta Market supermarket.<\/p>\n","protected":false},"author":882,"featured_media":1004069902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21783,21742,21749],"tags":[],"class_list":["post-1004069897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houston","category-investment","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fidelis Realty Buys Grocery-Anchored Center in Houston - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fidelis-realty-buys-grocery-anchored-center-in-houston\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fidelis Realty Buys Grocery-Anchored Center in Houston\" \/>\n<meta property=\"og:description\" content=\"A busy city has to eat, right? In yet another sign that Houston is surging upward again, Fidelis Realty Partners has purchased Willowchase Shopping Center, a 273,200-square-foot property anchored by a 92,800-square-foot Fiesta Market supermarket.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fidelis-realty-buys-grocery-anchored-center-in-houston\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-04T14:55:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T03:00:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Willowchase.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"852\" \/>\n\t<meta property=\"og:image:height\" content=\"451\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fidelis-realty-buys-grocery-anchored-center-in-houston\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fidelis-realty-buys-grocery-anchored-center-in-houston\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Fidelis Realty Buys Grocery-Anchored Center in Houston\",\"datePublished\":\"2013-04-04T14:55:17+00:00\",\"dateModified\":\"2022-12-07T03:00:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fidelis-realty-buys-grocery-anchored-center-in-houston\\\/\"},\"wordCount\":337,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fidelis-realty-buys-grocery-anchored-center-in-houston\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/Willowchase.jpg\",\"articleSection\":[\"Houston\",\"Investment\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fidelis-realty-buys-grocery-anchored-center-in-houston\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fidelis-realty-buys-grocery-anchored-center-in-houston\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fidelis-realty-buys-grocery-anchored-center-in-houston\\\/\",\"name\":\"Fidelis Realty Buys Grocery-Anchored Center in Houston - 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