News

October 15, 2015
Brazos Mall Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the joint venture acquisition of Brazos Mall (the “Property”) in Lake Jackson, Brazoria Country, TX. The property closed on October 15, 2015 and is comprised of a one-level, class B, enclosed regional shopping mall containing approximately 680,000 square feet (“sf”) of gross leasable area; of this total, approximately 572,000 sf is being acquired as one of the Property’s anchor tenant buildings (Dillard’s) is not included in the sale. The investment plan is to redevelop the property through a capital improvement program to enhance the overall appearance of the property and reposition it through a proactive leasing campaign.

The Property is situated on an approximately 43 acre site, and is located at 100 Texas Highway-332 East, the main thoroughfare in Lake Jackson, TX. It is in the desirable area known as Brazosport, approximately 40 miles south of Houston, recognized for its high concentration of chemical, energy, and technology companies including Dow Chemicals, Airgas, BASF, Chevron Phillips, and Phillips 66.

Atlantic Creek, with offices in New York, NY, Palm Beach, FL, and Los Angeles, CA, targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate primarily located on the East and West Coasts of the U.S., Texas and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.