Alameda Square
Fondren Southwest Village
July 1, 2015
Asana at North Park
September 1, 2014


  • Acquired in May 2015
  • 122,132 sf / 149,764 sf (with garden center)

Investment Rationale

  • Low net basis due to negotiated buyout of Lowe’s existing lease
  • 70% discount to replacement cost
  • Dense Hispanic and Asian community with high demand and limited Class A supply
  • Targets Millennials in a high density and diverse submarket with strong immigrant base