{"id":1004493847,"date":"2020-11-18T10:01:14","date_gmt":"2020-11-18T18:01:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004493847"},"modified":"2020-11-18T10:01:14","modified_gmt":"2020-11-18T18:01:14","slug":"pinnacle-capital-picks-up-texas-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pinnacle-capital-picks-up-texas-retail-asset\/","title":{"rendered":"Pinnacle Capital Picks Up Texas Retail Asset"},"content":{"rendered":"<div id=\"attachment_1004493853\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Northwood-Village-.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004493853\" data-attachment-id=\"1004493853\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pinnacle-capital-picks-up-texas-retail-asset\/northwood-village\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Northwood-Village--e1605694007489.jpg\" data-orig-size=\"805,603\" data-comments-opened=\"0\" 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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Northwood Village\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Northwood-Village--e1605694007489.jpg?w=805\" class=\"wp-image-1004493853 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Northwood-Village--e1605694007489.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Northwood-Village--e1605694007489.jpg 805w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Northwood-Village--e1605694007489.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Northwood-Village--e1605694007489.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004493853\" class=\"wp-caption-text\">Northwood Village. <em>Image via Google Street View<\/em><\/p><\/div>\n<p>Pinnacle Capital has bought the 31,245-square-foot Northwood Village retail center in Houston from a private investor for $2.7 million, according to public records.<\/p>\n<p>Acquisition financing included a $1 million loan from a private investor equity and a $2 million acquisition loan from Third Coast Bank SSB, according to an investment memorandum from the buyer.<\/p>\n<p>The shopping center is located at 8100-8140 Antoine Drive, roughly 15 miles northwest of downtown Houston, in Inwood North neighborhood. The 2.5-acre property sits across the street from a Dollar General-anchored retail center and&nbsp;is currently 71 percent occupied.<\/p>\n<p>Philip Levy of Marcus &amp; Millichap marketed the property on behalf of the seller, while also securing and representing the buyer. Earlier this year, Levy was involved in a 5,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-completes-north-dallas-mob-deal\/\">medical office sale in Texas<\/a>, representing both buyer and seller. The building is fully leased to Baylor Scott &amp; White Institute for Rehabilitation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The some 31,200-square-foot shopping center is 15 miles northwest of downtown Houston and is 71 percent leased.<\/p>\n","protected":false},"author":739,"featured_media":1004507447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1589,21783,21742,21749],"tags":[34836,35109,50650,43733],"class_list":["post-1004493847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-houston","category-investment","category-latest","category-retail","tag-marcus-millichap","tag-philip-levy","tag-pinnacle-capital-partners","tag-third-coast"],"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>Pinnacle Capital Picks Up Texas Retail Asset - 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\/pinnacle-capital-picks-up-texas-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pinnacle Capital Picks Up Texas Retail Asset\" \/>\n<meta property=\"og:description\" content=\"The some 31,200-square-foot shopping center is 15 miles northwest of downtown Houston and is 71 percent leased.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pinnacle-capital-picks-up-texas-retail-asset\/\" \/>\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=\"2020-11-18T18:01:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Northwood-Village-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"805\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\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\\\/pinnacle-capital-picks-up-texas-retail-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pinnacle-capital-picks-up-texas-retail-asset\\\/\"},\"author\":{\"name\":\"Beata Lorincz\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/23f841021ddf3b38ebc56abefe1d6004\"},\"headline\":\"Pinnacle Capital Picks Up Texas Retail Asset\",\"datePublished\":\"2020-11-18T18:01:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pinnacle-capital-picks-up-texas-retail-asset\\\/\"},\"wordCount\":163,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pinnacle-capital-picks-up-texas-retail-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Northwood-Village-.jpg\",\"keywords\":[\"Marcus &amp; 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