{"id":1004130871,"date":"2015-11-05T09:29:20","date_gmt":"2015-11-05T17:29:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004130871"},"modified":"2021-05-15T08:23:09","modified_gmt":"2021-05-15T16:23:09","slug":"brazos-mall-changes-ownership","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brazos-mall-changes-ownership\/","title":{"rendered":"Brazos Mall Changes Ownership"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

The 680,951-square-foot retail center located in Lake Jackson changed ownership as Dallas-based Centennial Real Estate Co.<\/a>, in partnership with Atlantic Creek Real Estate Partners LLC<\/a> and The North Shore Properties Group<\/a>, closed on the off-market acquisition of Brazos Mall<\/a>.<\/p>\n

\"Brazos<\/a>

Brazos Mall<\/p><\/div>\n

Located at the intersection of Highway 288 and Oyster Creek Drive, Brazos Mall is the only enclosed retail center in the Brazosport area, which is benefiting from nearly $30 billion of investments underway or planned for completion by 2020, including Dow\u2019s new Texas Innovation Center and Port Freeport\u2019s LNG terminals. The Lake Jackson\/Brazosport area is an attractive market for retailers and restaurants as trade area population reaches more than 132,000 and the average household income is nearly $70,000.<\/p>\n

\u201cThe Brazosport area is one of the fastest growing markets in Texas. Brazos Mall is the commercial hub of this growing community whose population is projected to increase by 2.5 percent annually over the next five years,\u201d said Steven Levin, chief executive officer of Centennial Real Estate, in a prepared statement. \u201cResidents deserve a vibrant retail destination with a best-in-class merchandising mix and amenities that appeal to the community. We plan to embrace the community and invest in Brazos Mall in order to create a truly dynamic shopping experience.\u201d<\/p>\n

The center had an occupancy of 92 percent at the time of the sale and features national retailers such as JC Penney, Dillard\u2019s, Victoria\u2019s Secret, Rue 21, Aeropostale, American Eagle Outfitters, Hot Topic, Ross Dress For Less and a new 14-screen Starplex Cinema, the only first-run movie theater in a 40 mile radius.<\/p>\n

Image courtesy of Englewood Development Management<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Centennial Real Estate Co. in partnership with Atlantic Creek Real Estate Partners LLC and The North Shore Properties Group purchase the only enclosed retail center in the Brazosport area. <\/p>\n","protected":false},"author":735,"featured_media":1004130872,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21749],"tags":[],"class_list":["post-1004130871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houston","category-retail"],"acf":[],"yoast_head":"\nBrazos Mall Changes Ownership - 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\/brazos-mall-changes-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazos Mall Changes Ownership\" \/>\n<meta property=\"og:description\" content=\"Centennial Real Estate Co. in partnership with Atlantic Creek Real Estate Partners LLC and The North Shore Properties Group purchase the only enclosed retail center in the Brazosport area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brazos-mall-changes-ownership\/\" \/>\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=\"2015-11-05T17:29:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T16:23:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Brazos-Mall.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"382\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brazos-mall-changes-ownership\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brazos-mall-changes-ownership\/\",\"name\":\"Brazos Mall Changes Ownership - 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