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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