{"id":1004284199,"date":"2018-12-06T05:27:59","date_gmt":"2018-12-06T13:27:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004284199"},"modified":"2022-12-08T12:39:16","modified_gmt":"2022-12-08T20:39:16","slug":"hff-completes-southeast-houston-retail-asset-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-completes-southeast-houston-retail-asset-sale\/","title":{"rendered":"HFF Completes Southeast Houston Retail Asset Sale"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004284202\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Walgreens.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004284202\" data-attachment-id=\"1004284202\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-completes-southeast-houston-retail-asset-sale\/walgreens-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Walgreens.jpg\" data-orig-size=\"800,659\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Adina Marcut&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1544101584&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;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Walgreens\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Walgreens.jpg?w=800\" class=\"wp-image-1004284202 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Walgreens.jpg\" alt=\"Walgreens\" width=\"300\" height=\"247\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Walgreens.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Walgreens.jpg?resize=300,247 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Walgreens.jpg?resize=768,633 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004284202\" class=\"wp-caption-text\">Walgreens<\/p><\/div>\n<p>HFF has arranged the sale of a 13,905-square-foot retail building in Clear Lake, Texas. The company worked on behalf of the seller, Lister Property Co. The Chiang Family Trust acquired the asset.<\/p>\n<p>Located at 1180 Clear Lake City Blvd., the single-tenant property is net leased to Walgreens. The retail building is approximately 20 miles from downtown Houston, providing convenient access to Intestate 45. The average household income within a three-mile radius of Walgreens is roughly $105,000.&nbsp;<\/p>\n<p><em>\u201cThe market for single-tenant, triple-net-leased properties is robust.<\/em> <em>Private investors like the idea of \u2018mailbox money\u2019\u2014receiving a monthly rent check with no management responsibility,\u201d <\/em>Ryan West, senior managing director of HFF, said in a prepared statement.<em>&nbsp;\u201cWe continue to see buyer pools increase, especially for properties such as this, that are supported by a best-in-class tenant in one of Houston\u2019s most sought-after suburbs.\u201d <\/em><\/p>\n<p>Analyst Charles Strauss and Ryan West were part of HFF\u2019s investment advisory team that represented the seller. In another deal, West also facilitated the sale of Tanglewood Court, a <a href=\"https:\/\/www.commercialsearch.com\/news\/american-realty-advisors-acquires-houston-retail-center\/\">125,500-square-foot shopping center in Houston<\/a>\u2019s affluent Galleria\/Uptown submarket.&nbsp;<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lister Property Co. sold the roughly 14,000-square-foot property to a Chinese family trust. Walgreens is the only tenant of the building.  <\/p>\n","protected":false},"author":436,"featured_media":1004284202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1589,21742,21749],"tags":[32792,43262,33839],"class_list":["post-1004284199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-houston","category-latest","category-retail","tag-hff","tag-lister-property-company","tag-walgreens"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HFF Completes Southeast Houston Retail Asset Sale - 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\/hff-completes-southeast-houston-retail-asset-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Completes Southeast Houston Retail Asset Sale\" \/>\n<meta property=\"og:description\" content=\"Lister Property Co. sold the roughly 14,000-square-foot property to a Chinese family trust. 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