West, along with senior managing director Chris Gerard, associate Erin Lazarus and analyst Megan Babovec represented the seller, Walton Street Capital, in the Eldridge Parkway deal. “Houston retail has proven to be resilient over the years and people all over the country have recognized that and are pricing it accordingly," West said. With Houston’s retail vacancy rate hovering around 5.1 percent, investors feel confident in this sector despite the impact of e-commerce, a possible recession and rising interest rates. That is the second highest net absorption level in the nation after Dallas-Fort Worth and ahead of Atlanta, which experienced 6.6 million square feet and 5 million square feet of net absorption respectively in the past 12 months. The metropolitan area recorded 6.1 million square feet of net absorption in the past year, meaning significantly more retail storefronts are filling up than emptying out, according to CoStar. The high sale volume comes as leasing activity remains strong amid tight retail space inventory in Houston. Last quarter, there were $1.1 billion in retail property sales in Houston, a record for first-quarter periods and the fourth-highest quarter for sales volume since 2006, according to commercial real estate data firm CoStar. RELATED: Whole Foods-Anchored Center in West U Sells for $33.5M “For the most part, investor demand for Texas retail in the last three months has not dissipated enough to effect pricing in a significant way,” said Ryan West, senior managing director at JLL. Wu Properties is among the investors this year that continue to seek retail properties, particularly in markets such as Houston, which is attracting plenty of demand despite economic uncertainty. “As the Houston region continues to gain jobs and population, demand for retail space in the Houston area will continue to grow and vacancies will remain low.” ![]() “While there is some talk of a possible recession, it had no impact on our decision making when acquiring (Market Square at Eldridge) nor our future outlook for Houston retail, especially the submarkets we target,” Rimplea said. Rimpela said the company expects to continue snapping up retail sites throughout the region this year. Wu Properties has more than 2.5 million square feet of retail space, mostly in the Houston area, including the recently acquired Willowchase Center in northwest Houston. It is a high-performing grocery anchored power center with a great tenant mix along with numerous national retailers that create a symbiotic relationship and drives sales for all tenants,” Kirt Rimpela of Wu Properties said in an email.ĮARLIER: Houston investor buys Fiesta-anchored retail center “(Market Square at Eldridge) fits well within our existing Houston retail portfolio. The property has an appraised value of more than $44 million, according to Harris County Central Appraisal District. The roughly 32-acre property was 98 percent leased at the time the deal closed for undisclosed price in late June, according to JLL. Market Square at Eldridge Parkway has no shortage of vehicle traffic either, with more than 99,000 vehicles passing the nearby intersection of Westheimer and Eldridge Parkway, according to JLL, which marketed the property on behalf of the seller, Walton Street Capital. shopping centers for foot traffic, according to commercial real estate company JLL, citing cellphone data from retail analytics firm Placer.Ai. I have tried to keep my peace with the situation and her and still nothing as gotten done.At 2660 Eldridge Parkway South, about 4 miles south of the Energy Corridor, Market Square is among the top 5 percent of U.S. Have called HR to file a complaint about her and the store and will be contacting a Lawyer for Harrassment and working in a Hostile Environment. Have several witness about what happen that day ,she still is employed ther nothing as happen to her. Answer (1 of 18): Trying to log in to company sites can be frustrating. Friday March 13th this cashier was talking bad about me to another cashier to the point where my customer told her to shut up. The store allows her to act out as never been suspended nothing. This cashier as had confrontation with several cashiers ,she thinks she is the Head cashier. I have been dealing with harrassment from another cashier for about a year now have contacted HR department ,spoke with managers everyone in the store knows about the issue and the resolution was to not have me or her in the building at the same time. The store as alot of issues they should have handled better. Generally, the Dollar Tree minimum age requirement is 16-years-old. Can you be 15-years-old and work at Dollar Tree In some states, like Montana, yes. Love working with the customers and meeting new people. Alternatively, visit a Dollar Tree retail chain location to get a printed Dollar Tree job application to fill out in the store. I Am employee at Dollar Tree In Hermitage,Pa and right now i am unhappy at this place.
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