HOUSTON – October 12, 2017 – Abington Emerson closed the sale of Postwood Retail Center (“Postwood”) in Spring, Texas. Postwood was acquired in 2014, as a value-add investment and listed for sale in Summer 2017.
During its ownership, Abington Emerson made multiple improvements to the property and substantially increased occupancy by bringing new businesses to the center and signing lease extensions with existing tenants. The property was consistently well maintained and managed by local professional management companies. Consequently, it looked very presentable and was sold in a quick transaction.
“We are very pleased with the results of our investment in Postwood Retail Center” commented Johnny Camarena, Member of the Abington Emerson Investment Committee. “The retail sector remains at the core of our investment strategy and we continue to look for value-add retail opportunities across different states.”