The J. Beard Real Estate Company Sponsors the Acquisition of Colonnade of The Woodlands Retail Center

THE WOODLANDS, TX -- Colonnade of The Woodlands, a 42,030-square-foot neighborhood retail center, recently sold to SJBC XXIII, LLC, a private investment group assembled by Jeff Beard, President, and Marshall Davidson, Chief Investment Officer, of The J. Beard Real Estate Company.

Colonnade of The Woodlands is located at 30420 F.M. 2978 at Woodlands Parkway in The Woodlands, TX. The center’s major tenants include Gringo’s Mexican Kitchen, School of Rock, F-45 Training, Zoo Health Club, and Bear Branch Animal Hospital.

SJBC XXIII, LLC, represented their own interests in the acquisition. The undisclosed sellers, a private limited partnership, were represented by Micha van Marcke, Managing Principal, and Chace Henke, Principal, with Edge Capital Markets.

John Fenoglio, Executive Vice President, and Brock Hudson, Vice President of CBRE Capital Markets, Debt & Structured Finance, arranged the acquisition debt financing through an undisclosed life insurance company.

The leasing and management for Colonnade of The Woodlands has been awarded to SVN | J. Beard Real Estate, a specialized brokerage and property management division of The J. Beard Real Estate Company, effective immediately.

“This prime retail development in The Woodlands was one of the very few privately owned commercial properties available at the time of acquisition. Despite the stability of essential retail and The Woodlands’ high barriers to entry, it offered upside potential. The surrounding area has the advantage of median household incomes over $139,000 within a 5-mile radius. Colonnade of The Woodlands is fully leased and presents opportunities to boost rental income through lease expirations, tenant mix optimization, and enhanced financial performance,” said Davidson.