A joint venture between an AmREIT-affiliated fund and JP Morgan Strategic Property Fund has paid an undisclosed price for the Shadow Creek Ranch Town Center in Pearland, Texas.

Sold by Shadow Creek Retail LP, the 616,372-square-foot retail center was nearly 80 percent leased at the time of sale to tenants that included H-E-B Plus!, Academy Sports & Outdoors, Ashley Furniture, FedEx Kinkos and Hobby Lobby.

The property was developed in January 2006, according to a press statement.


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

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
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