Insight

Partial Interest in Grisby Square Retail Center Sold

June 26, 2013

HOUSTON, TEXAS – June 26, 2013 – The Houston office of Cresa, North America’s largest tenant representation firm recently closed the following transactions:

Half of the 19,000-square-foot retail center Grisby Square located at 302 Stafford in the Far West retail submarket, has been sold to Hospitality USA for an undisclosed amount. The transaction, which did not include the buildings where Lupe Tortilla and Muir Fine Arts Gallery are housed, does include the remainder of the property which comprises Ginger Thai Spice and Watson’s House of Ales. Steven Heal, a vice president with Cresa Houston represented the property owner, Holt Partnership, owner and operator of Lupe Tortilla. Jaime Blake with Hospitality USA represented the buyer. [RETAIL, DISPOSITION]

About Cresa

Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Corporate Solutions, Portfolio Strategies, Location Planning, Lease Administration, Capital Markets, Mission Critical Solutions, and Facilities Services. With more than 58 offices, Cresa is the largest tenant representation firm in North America. Through its partnership with Savills, one of the world's largest commercial real estate services firms; Cresa covers more than 173 locations in 40 countries. For more information, visit www.cresa.com.

 

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