Fully Leased H-E-B-Anchored Uptown Retail Center Hits The Block

Tanglewood Court
Courtesy of HFF
Tanglewood Court

Tanglewood Court, a fully leased, H-E-B grocery-anchored shopping center serving some of Houston’s most affluent and densely populated neighborhoods — Tanglewood, the Memorial Villages and Briargrove — is up for sale.

Developed by Fidelis Realty Partners in 2014, Tanglewood Court comprises 125.5K SF with a more than 14-year weighted average remaining lease term. The property draws from a daytime population of more than 200,000 residents, employees and visitors. In addition to being surrounded by three of Houston's most affluent neighborhoods, with home prices ranging from $1M to $15M, Tanglewood Court is within a 1-mile radius of more than 9,000 apartment units. The demographics have pushed the H-E-B to be one of the grocer's top-performing locations in Houston.

The in-line tenants are heavily represented by restaurants, health-related businesses and other service-related tenants. More than 95% of the net rentable area does not face the risk of e-commerce, according to HFF's Rusty Tamlyn, Ryan West and John Indelli, who are marketing the property.

Continue reading this story with a free account

Log in or register
Related Topics: H-E-B , HFF Houston , Tanglewood Court
Sign up for more articles like this
Subscribe to Bisnow's Houston Newsletters
Related Stories

Success Of Top-Tier Malls Masks Enduring Distress In Sector's Underbelly

Holographic Zoo Leases 51K SF Coconut Grove Building For First Location

Hines Spends $170.5M On Mixed-Use Portfolio In Dallas' Bishop Arts District

Local Investor Pays $30M For Block 37 In Heart Of Downtown Chicago

M Core Extends Its Retail Shopping Spree

Oprah-Backed Health Food Chain Files For Bankruptcy, Seeks To Exit Leases

Federal Realty Spends $508M On Alabama Power Center

Gas Prices Are Soaring, But Gas Station Investors Aren’t Flinching

Arlington 'Ripe For Development' As It Carves Out DFW Identity

Pool Supplier Leslie's Files For Bankruptcy, To Close 76 Stores

Kava Bars Are Booming. Kratom Is A Big Reason Why

GGP Lines Up $400M Loan To Refinance New England's Largest Mall