CenterSquare Investment Management acquires retail property near Houston

CenterSquare Investment Management has announced an acquisition for its essential-service retail (ESR) portfolio: Gleannloch Crossing, a 32,797-square-foot class A essential-service retail property located in the high-growth Houston submarket of Spring, Texas.

The center is located at the highway intersection of Grand Parkway and Champion Forest Drive, adjacent to an HEB Grocer and Black Rock Coffee. The immediate area is experiencing outsized population growth and high median incomes.

Currently, the property is fully leased to a range of national and regional tenants offering a wide variety of services. Notable tenants include MOD Pizza, The UPS Store, Subway, Gleannloch Family Dentist, Smoothie King and Salons by JC.