Tomball Town Center purchased by J. Beard Real Estate, Outlier Capital
SJBC Commercial XXI, LLC recently assembled and purchased the prominent Kroger anchored Tomball Town Center, a well-established shopping center located at 14320 FM 2920 with frontage on all three major retail corridors in Tomball, Texas. The buyer was a Joint Venture between The J. Beard Real Estate Company and Outlier Capital, LLC. The two sellers, Inventrust Properties Corp. and a real estate fund advised by Crow Holdings Capital, were both represented by David Disney and Adam Crockett with Disney Investment Group. Debt for the purchase was provided by Morgan Stanley, represented by John Fenoglio with CBRE.
The Tomball Town Center totals 141,450 square feet of retail space and was built in 2004 on 14.13 acres. It is situated between both hard corners of Tomball Parkway and SH 249 along FM 2920 and is currently 98% occupied with over 85% of the center being regional and national credit tenants.
The J. Beard Real Estate Company, LP, headquartered in The Woodlands, Texas, is one of the largest full-service commercial real estate firms in the Greater Houston area. Services offered encompass leasing, brokerage, property sales & disposition, buyer & site acquisition, landlord/tenant representation services, commercial property management, and development & consulting services. To learn more about The J. Beard Real Estate Company, visit www.jbeardcompany.com