Northwest Marketplace deal closes

Retail site located in fast-growing market

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The Northwest Marketplace retail center in Houston, Texas, has sold for an undisclosed price. Inland Real Estate Acquisitions purchased the 183,024-square-foot property from Kimco Realty Corp. Completed in 2002 and located at 13706-13846 Northwest Freeway in the Highway 290 corridor, the building was fully leased at the time of sale to tenants that included Ross Dress for Less, Office Depot, PetSmart, Old Navy, Famous Footwear, Pier 1, Panera Bread and Chipotle. According to a press statement, the Highway 290 corridor is one of Houston' fastest-growing areas, and roadway initiatives are underway to deal with the region's projected growth. ...