Pearland Real Estate Expert


Ashley Furniture Leases 50,016 SF in Pearland

Written by Jeremy Hoffmann

15-Year Deal Signed at Shadow Creek Ranch Town Center

The Shadow Creek Ranch Town Center, located in Pearland, TX, has added a new tenant to its Junior Anchor list. Ashley Furniture has leased 50,016 square feet and will be located between the Academy Sports and Outdoors and Hobby Lobby stores.

The 15-year deal has a reported contract rent of $11 per year triple net with a build-out allowance of $30. The retailer has an estimated move-in date of October 2007.

The Shadow Creek Ranch Town Center is located at State Highway 288 and FM 518 (Broadway). The Center is owned by a venture among Transwestern Development Company, WCF Development and Buchanan Street Partners. The project will be anchored by a 150,000-square-foot H-E-B accompanied by specialty goods retailers, service retail stores and restaurants.

Katherine Wildman of Wulfe & Co. represented the tenant. Will Deane and Lindsay Miller of Transwestern represented the landlord.

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Comment balloon 0 commentsDanny Frank • May 26 2007 04:43PM