CBRE Arranges Sale of Deerbrook Plaza Shopping Center in Humble, Texas

CBRE has arranged the sale of Deerbrook Plaza Shopping Center, a 219,481-square-foot Class A shopping center at 9715-9813 F.M. 1960 Bypass Road in Humble, Texas.

CBRE’s Matt Berry, Robbie Kilcrease and Drew Reinking represented Shervin Mateen, owner of Cannon/Unimat Commercial, the seller, in the transaction. MS Retail DP, LLC was the buyer.

Deerbrook Plaza, a fully stabilized shopping center, features a strong tenant mix anchored by Ross Dress for Less, Total Wine & More, and Dollar Tree. The center is strategically located in a high-traffic area with excellent visibility, adjacent to Deerbrook Mall and near major retailers such as Walmart, Academy Sports and Target.

"Deerbrook Plaza’s strong tenant roster, high visibility and proven track record made it a desirable asset, particularly in the current market," said Berry, a senior vice president with CBRE. "This transaction highlights the depth of the Houston market and the long-term belief in rent growth and performance for high-quality centers. The process was seamless and professional, thanks to high-quality investors on both sides."