Houston, TX
CBRE Negotiated the Sale of Woodlake Square in Houston
December 18, 2024
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Senior Corporate Communications Specialist
CBRE facilitated the sale of Woodlake Square, a 157,465-sq.-ft. shopping center in the Westchase District in Houston, Texas.
Mark Witcher, Jolie Duhon, Chris Cozby, Jim Batjer and Harrison Tye with CBRE National Retail Partners represented the seller, EDENS, in the transaction.
The shopping center was purchased by Houston-based Wu Properties.
Located at 9600 Westheimer Road, Woodlake Square is strategically located at the entrance to the Westchase District and serves established neighborhoods including the Memorial Villages and Briargrove Park. Redeveloped in 2010, the center has been anchored by Randalls and Walgreens since the 1970's. Woodlake Square was 80% occupied by 21 tenants at the time of the sale.
“Woodlake Square’s location, combined with the established presence of its food and drug anchor tenants, presents a unique opportunity for new ownership to capitalize on the center’s cosmetic upgrades and re-tenant recent shop vacancies,” said Mark Witcher, senior vice president at CBRE.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.