Colliers International announces the sale of Colony Place, a 14,050 square foot shopping center, located at 4403-4411 Highway 6 in Sugar Land, Texas. The buyer, DML Colony Place LP, was represented by Anita M. Amin of Preston Cunningham Ventures, LLC. Ace Schlameus and Jenny Seckinger of Colliers International represented the seller, Hass Holdings, LLC in the transaction.
Houston’s retail investment sale transactions averaged $185 per square foot in Q2 2020, a 3.8% increase over the prior period. Retail strip centers achieved a higher average of $213 per square foot in Q2 2020, a 2.8% increase over the previous quarter.
About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
