Two West Houston Trades

BISNOW

Marcus & Millichap’s Gus Lagos and Alex Bouchard closed the sale of two retail properties in West Houston, Kayvon Plaza II and 14130 Westheimer. The duo tells us 15k SF Kayvon Plaza (listed at $3.7M and pictured here) is on Memorial Drive in the heart of the Energy Corridor, which attracted a lot of interest. It’s adjacent to Skanska’s West Memorial Place (Phase 1 is delivering in Q1 ’15) and across from PMRG’s mixed-use redevelopment of Exxon’s former home. Braun Enterprises purchased the property, which is a deviation—the firm typically owns Inner Loop retail product, but Alex says nearby activity gives Kayvon Plaza the same urban feel.

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Anna BetheRetail, Bisnow