CBRE Negotiated the Sale of Woodlake Square in Houston

CBRE facilitated the sale of Woodlake Square, a 157,465-sq.-ft. shopping center in the Westchase District in Houston, Texas.

Mark Witcher, Jolie Duhon, Chris Cozby, Jim Batjer and Harrison Tye with CBRE National Retail Partners represented the seller, EDENS, in the transaction.

The shopping center was purchased by Houston-based Wu Properties.

Located at 9600 Westheimer Road, Woodlake Square is strategically located at the entrance to the Westchase District and serves established neighborhoods including the Memorial Villages and Briargrove Park. Redeveloped in 2010, the center has been anchored by Randalls and Walgreens since the 1970's. Woodlake Square was 80% occupied by 21 tenants at the time of the sale.

“Woodlake Square’s location, combined with the established presence of its food and drug anchor tenants, presents a unique opportunity for new ownership to capitalize on the center’s cosmetic upgrades and re-tenant recent shop vacancies,” said Mark Witcher, senior vice president at CBRE.