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Colliers sells net leased Torchy's Tacos property in the Boardwalk at Towne Lake in Cypress, Texas

Colliers is pleased to announce the sale of a 4,527 square foot Torchy's Tacos property in the Boardwalk at Towne Lake located at 9975 Barker Cypress Road in Cypress, Texas. The buyer, Melcher Investments, represented themselves in the acquisition as part of a 1031 Exchange. Todd Moore and Connor Duffy of Colliers represented the seller, CC Boardwalk I, L.P., in the transaction.

 

"This was an excellent transaction for both parties. This unique location at the Boardwalk is one not easily replicated. The Boardwalk development sees tremendous foot and vehicle traffic, and it's not surprising that this is a top-performing location," said Todd Moore, Principal of Colliers.

 

Boardwalk at Towne Lake is situated just north of Tuckerton Road along Barker Cypress Road. The Torchy's Tacos retail property sits along the lake near the first entrance of Boardwalk at Towne Lake within a short distance of other retailers including Ambriza, Coco's Crepes and World of Beer. This top-performing location is one of Torchy's Tacos corporate chain's top 5.

 

The property is located in Houston's Towne Lake retail submarket. The submarket contains 4.7 million square feet of retail space which is currently 96.6 percent occupied. 60,600 square feet of new retail delivered in the last 12 months and there is 42,000 square feet of retail space currently under construction in the submarket.



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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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Connor Duffy

Senior Associate

Houston

Mr. Duffy comes from a background of real estate experts across the country and has a deep understanding of finance. As a second generation advisor in the commercial real estate industry, Connor provides a deep level understanding and knowledge of market research and leasing services throughout Houston, Texas.

With time spent on the process and execution of evaluating properties, Connor understands the value of properties and assists clients, helping them get the most for their assets. After experiencing training from the top producers here at Colliers in Houston, he is equipped to secure tenants looking for placement assistance and help investors make smart business decisions. Connor strives to provide a top-notch experience throughout the entire commercial real estate process and customizes each individual client need that comes across his desk.

Prior to joining Colliers International | Houston, he earned his BBA with a concentration in real estate from Florida State University and spent time working at NAI TALCOR gaining an understanding for the real estate industry and property management sector.

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