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The group purchased the shopping centerfrom , and for an undiscloser amount. The retail center is 80 percent leasedd to tenants suchas H-E-B Plus!, Academh Sports & Outdoors, Ashley Furniture and Hobby The shopping site at State Highway 288 and FM 518 is namecd after the nearby Shadow Creekk Ranch subdivision. Wayne Fox of Houston-based WCF who bought the Pearland acreageein 2002, said Houston-based AmREIrT wanted to buy the property as much as six months ago. The ownership group, wanted to wait until construction was finishex and certain leasing milestones had been met before agreeinhgto sell, he said. Fox said this transactioh went well, based on his philosophy on deals.
"Myg definition of a good deal is when both sidesdare happy," he said. The sellers were represented in the deal by Rudy Hubbarf and Leah Gallagher of Transwestern and Amanda Fox and Will Dean eof , a WCF affiliate. The buyerd was represented by Tenepl Tayar and Charles Scovilleof AmREIT.
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