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Houston investor buys Terrell Plaza shopping center

SAN ANTONIO – After spending almost four months on the market, a shopping center on the city’s northeast s​ide has changed hands.

Houston-based retail investor Property Commerce has acquired two-thirds of the Terrell Plaza shopping center, picking up two parcels at 1201 and 1235 Austin Highway.

The two sites have an assessed value of about $21.8 million.

The complex is 96 percent leased. Anchors include Target, Petco, and Ross Dress for Less.

The previous owner was Ohio-based real estate investment trust SITE Centers, who purchased the property in 2008 for $16.9 million.​


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