SVN J. Beard Real Estate Represents Buyer in Acquisition of Fully Leased Retail Center in Spring, TX.

Spring, TX – SVN | J. Beard Real Estate has represented a private buyer in the acquisition of a retail shopping center located at 3532 Harmony Commons Drive in Spring, Texas. The property, which features a strong tenant lineup including national brands such as Sherwin-Williams and Shogun Japanese Grill, was purchased by a private buyer who was represented by Matt Knagg, Advisor with SVN | J. Beard Real Estate.

Representing the seller were Austen Baldridge and Bob Conwell with NewQuest Properties. The transaction closed in July for an undisclosed price.

Positioned within a high-growth corridor and shadow-anchored by H-E-B, the property is a relatively new construction retail center with long-term leases in place and full occupancy. Despite ongoing challenges in the high-interest-rate environment, the buyer completed the purchase all-cash, recognizing the property’s strength and stability within a competitive submarket.

“This acquisition reflects our client’s disciplined investment approach and confidence in the long-term fundamentals of this market,” said Matt Knagg, Advisor, SVN | J. Beard Real Estate. “Fully leased, newer retail assets with established national tenants are increasingly rare, especially in submarkets positioned for continued population and economic growth like Harmony Commons.”

About SVN | J. Beard Real Estate

SVN | J. Beard Real Estate is a full service commercial real estate firm and an independently owned and operated SVN® office headquartered in The Woodlands, Texas. Our team of dedicated experts provides comprehensive services in commercial property acquisitions, leasing, management, development, and real estate investments. Our reach extends throughout the vast state of Texas with a diverse listing portfolio that caters to a wide range of industries and businesses. To view our listings or learn more about us, visit: www.jbeardcompany.com.