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Colliers sells Stone Gate Center in Cypress, Texas

 

Colliers is pleased to announce the sale of Stone Gate Center, a 11,625 square foot five-unit retail property located at 11700 Barker Cypress Road in Cypress, Texas. The buyer, Tomball Best Food, was represented by Dawn Askew of Republic Central Realty. Todd Moore of Colliers represented the seller, Swingstar Corporation in the transaction.

 

“Stone Gate Center is a well-located shopping center with great visibility along Barker Cypress. The submarket is expanding rapidly, and we are seeing investor demand for assets in the market rise concurrently,” said Todd Moore of Colliers. “We received multiple offers and are pleased to have closed the transaction at full asking price.”

 

Stone Gate Center is situated on 1.15 acres in the heart of multiple new master planned communities in close proximity to Highway 290. The five-unit property was built in 2007 and features two entrances along Barker Cypress Road with a dedicated turning lane from the southbound lanes. 

 

The property is located in Houston's Bridgeland retail submarket. The submarket contains 4.6 million square feet of retail space which is currently 95 percent occupied. The average asking rate in the submarket is $25.38 per square foot; however, rental rates can range anywhere between $20.00 to $80.00 per square foot depending on the age, size and location of the space.

 

Stone Gate Center


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Todd Moore

Principal

Houston

Todd Moore joined Colliers International | Houston in November 2020 as a Principal where he focuses on investment sales of industrial, office, retail and sale leaseback transactions.

Prior to joining Colliers, Mr. Moore served as Director at Stan Johnson Company (SJC) where he spent nine years representing buyers and sellers of net leased assets throughout the United States. During his time with SJC, he transacted close to half a billion in investment sales and was recognized with the Sales Excellence Award and as a Top 10 Producer. He brings more than 12 years of commercial real estate experience to the Colliers team and has a unique ability to effectively analyze and transact leased investment property. 

Mr. Moore’s primary focus is on developers and investor clients in the industrial, office and retail market sectors throughout the United States. His commitment to client services promotes the development of strong relationships with top developers, Real Estate Investment Trusts (REIT) and private investors across the country.

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