Fidelis acquires the HEB shopping center in Pearland
Based in Houston Fidelis real estate partners acquired Shadow Creek Ranch, a 613,468 square foot retail center anchored to HEB at 2805 Business Center Drive in the Shadow Ranch community of Pearland.
Ryan West, Chris Gerard, Barry Brown, Wendy Vandeventer and Katherine Miller of JLL represented the seller, Edens. The property is 97.7% leased. Tenants include Academy, Ashley HomeStore, Burlington, Dynamic Fitness, Hobby Lobby, Subway, Club Pilates, Men’s Wearhouse, Pure Barre and Salata. The sale includes 11 freestanding parcels leased to tenants such as Taco Cabana, Frost Bank and Longhorn Steakhouse. JLL will also arrange post-acquisition financing.