Houston-based Fidelis Realty Partners acquired Shadow Creek Ranch, a 613,468-square-foot, H-E-B-anchored retail center at 2805 Business Center Drive in Pearland’s Shadow Ranch community.
Ryan West, Chris Gerard, Barry Brown, Wendy Vandeventer and Katherine Miller of JLL represented the seller, Edens. The property is 97.7-percent 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.
Dallas-based DataBank will expand to Houston with the purchase of four data centers from CyrusOne for $670 million, the company announced. The facilities consist of 4201 Southwest Freeway and three buildings on Westway Park Boulevard campus in west Houston. With the acquisition, DataBank will have more than 65 facilities and 2.0 million square feet of raised-floor data center capacity, including more than 300,000 square feet in Houston. DataBank will gain customers from the healthcare, financial, energy, media and software sectors with the acquisition, which is expected to close in the first quarter.