LaSalle acquires Costco center in Houston
LaSalle Investment Management has acquired Greenway Commons, a Costco-anchored center located in the Inner Loop of Houston. The company, a subsidiary of Jones Lang LaSalle, did not disclose the sale price.
Opened in 2008, Greenway Commons houses one of only two LA Fitness Signature Clubs in Houston, plus Iberia Bank, Buffalo Wild Wings, and Panda Express.
“This property fits well with LaSalle’s strategic acquisition focus on grocery-anchored and necessity-oriented shopping centers in urban, infill corridors with strong track records and growth potential,” said David Schreiber, LaSalle’s director of acquisitions.
Schreiber added that the trade area surrounding Greenway Commons sports a low vacancy rate thanks to affluent residents in the area and a considerable daytime work population.
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Opened in 2008, Greenway Commons houses one of only two LA Fitness Signature Clubs in Houston, plus Iberia Bank, Buffalo Wild Wings, and Panda Express.
“This property fits well with LaSalle’s strategic acquisition focus on grocery-anchored and necessity-oriented shopping centers in urban, infill corridors with strong track records and growth potential,” said David Schreiber, LaSalle’s director of acquisitions.
Schreiber added that the trade area surrounding Greenway Commons sports a low vacancy rate thanks to affluent residents in the area and a considerable daytime work population.
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