CHALLENGE
ICO Commercial was engaged to oversee the marketing and sale of The Plazas at Westway Park, a prominent 12,710 SF retail center ideally located in Spring Branch—a sought-after submarket within the greater Houston area.  At the time of engagement, the property was fully leased to eight well-established tenants, including Subway, Shipley’s Donuts, Thai Healing, Don Burrito Mexican Restaurant, Urgent Dental, Core Serenity, Barber Boyz, and Neighbors Kitchen.

STRATEGY
After conducting a thorough market analysis, ICO Commercial launched a targeted sales campaign that quickly attracted substantial interest. Within four to six weeks, multiple competitive offers were submitted, and the property was placed under contract. Despite a few transactional complexities, the sale closed successfully, with both the Seller and Buyer achieving their respective objectives.

RESULT
The transaction resulted in a favorable sale price that exceeded initial value expectations. ICO Commercial's strategic approach, market expertise, and ability to navigate challenges led to a smooth closing and a highly satisfied client. The success of this assignment further solidified ICO Commercial’s reputation as a trusted advisor in the retail investment sales market.