HOUSTON – (Realty News Report) – Wu Investments has purchased Beechcrest Shopping Center, an 89,679-square-foot retail complex anchored by a local grocery store in southwest Houston.
The center occupies 7.17 acres at 10828 Beechnut Drive, near Wilcrest Street.
HFF brokers Ryan West, John Indelli, Charles Strauss and Ethan Goldberg marketed the property on behalf of the seller, Florida-based Global Fund Investments, LLC.
Beechcrest Shopping Center is fully leased to a diverse mix of internet-resistant tenants, including Wazobia African Markets, DD’s Discounts, Dollar General, Lone Star Title, Pizza Hut, Lu-Ann Furniture, Holman Medical, Liquor Store 4, Ace Dry Cleaners, Taqueria El Charro, N’Joi Coffee & Tea and Jolynn’s Crawfish.
“Beechcrest Shopping Center offers an ideal tenant mix for the dense surrounding population, and this asset will be a valuable addition to Wu Investments’ portfolio,” said Ryan West.
Wu Investments owns multiple retail centers in Texas and Ohio and is developing three additional locations in the Greater Houston area with planned tenants such as Aldi, Starbucks and Sprint. Other tenants across Wu’s portfolio include Kroger, Steinmart, Dollar Tree, Bank of America, Subway, AT&T, Goodwill and several regional operators.
