Northmarq facilitates trio of Texas shopping center sales

HOUSTON — Northmarq’s Houston Investment Sales team successfully closed three separate shopping center transactions across Texas during the month of July. The deals were led by Northmarq’s Riley Sharman and team.  

Northmarq represented buyers for Autum Heights (Converse, Texas) and Ella Plaza (Houston), and represented the seller at Sedona Lakes Plaza (Manvel, Texas).  

“These transactions are a testament to the strength of Northmarq’s integrated platform and collaborative culture,” Sharman said. “By leveraging our deep market knowledge, cross-functional expertise, and seamless coordination between buyer and seller representation, we’re able to deliver exceptional outcomes for our clients across Texas and beyond.” 

Ella Plaza – Houston, Texas

Representing Sega Development, LLC, Northmarq arranged the acquisition of Ella Plaza, a 90% leased, 82,073-sq.-ft. shopping center located at 1319 Cypress Creek Parkway in Houston.  

Anchored by national and government credit tenants such as Advance Auto Parts, CSL Plasma, and Harris County Public Health, the center sees strong traffic counts and benefits from a population exceeding 330,000 within a five-mile radius. The seller was True Saga, LLC, based in Houston, and the transaction was a 1031 exchange. 

Autumn Heights – Converse, Texas 

Northmarq also represented the buyer based out of Brooklyn, New York, Autumn Heights Realty LLC, in the acquisition of Autumn Heights, a 13,949-sq.-ft. retail center located at 7215 N Loop 1604 E. in Converse, just outside San Antonio. Built in 2020, the fully leased center benefits from a strategic location within one of the fastest-growing suburbs in the region.  

Tenants include Great Clips, Marco’s Pizza, and Verizon, with staggered lease expirations and strong local demographics driving long-term value. The seller was Boomslang Ventures, LLC, based in San Antonio, and the transaction was a 1031 exchange. 

Sedona Lakes Plaza – Manvel, Texas 

Representing the seller, 10309 Bailey LLC, a Houston-based developer, Northmarq arranged the sale of Sedona Lakes Plaza, a newly constructed, 14,803-sq.-ft. retail center located at 10237 Bailey Road in Manvel, Texas. The property is 100% leased to five national and regional tenants including HOTWORX, Smart Core Labs, and Behavioral Innovations.  

With strong visibility along Highway 288 and a surrounding affluent population averaging over $163,000 in household income within one mile, the center offers long-term rental stability and ease of management through triple net leases. The buyer was Meto Real Estate, LLL, a first-time buyer based in Dallas.