Braun Enterprises Buys Montrose buildings
Houston-based Braun Enterprises has bought several buildings in Montrose.
The company has purchased three retail buildings and an office building, totaling 12,630 square feet at 1601-1625 Richmond and 1643 Richmond. These buildings are leased to Lucky Burger, Orange Bar, Maria Selma’s Mexican Restaurant and The Harp Irish Pub. The buildings are on 1.4 acres at Richmond and Mandell.
“For now, we’re going to hold it for cash flows,” Dan Braun, president of Braun Enterprises told the Houston Chronicle. “Ultimately, we believe it will be a retail development long-term. It could be five or 10 years down the road.”
Alex Jackson and Kolby Beich of JB Realty represented Braun in the transaction.
Houston-based Braun has purchased eight properties in the past 18 months in the Inner Loop, ioncluding the 13,600-square-foot Harolds in the Heights.
Read original article here.