Equity One Inc. has purchased Westgate Marketplace, a 298,354-square-foot retail center located in Houston, Texas.

The value of the transaction was not disclosed.

Westgate Marketplace was built in two phases between 2000 and 2002 and is situated on approximately 39 acres at the intersection of Interstate 10 (Katy Freeway) and Fry Road. There are an additional 3.2 acres of developable land, of which 2.2 acres are presently leased to an adjacent property owner for ancillary parking.

Westgate Marketplace is occupied by a 75,154-square-foot H.E.B. Supermarket, an 88,242-square-foot Kohl’s Department Store, a 40,151-square-foot Oshman’s Sporting Goods, a 20,000-square-foot Office Max, and a 10,010-square-foot Pier One.

At the time of sale the property was 99.5 percent leased, which includes 64,797 square feet of additional space leased to a range of national and local tenants, including Men’s Warehouse, Wells Fargo, Bank One, Rack Room Shoes, Tweeter, Citi Financial, Washington Mutual and Chipotle Grill.

Equity One is a real estate investment trust that principally acquires, renovates, develops and manages neighborhood and community shopping centers.

***

What’s your opinion? Send your Letter to the Editor to newsroom@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription