Retail/Medical Center in Texas Acquired by Real Estate Company

BOISE, Idaho, Aug. 15 /PRNewswire/ -- DDRS is pleased to announce the purchase of a retail/medical center in League City, Texas. Colony Commons is located at 2251 and 2211 West FM 646, League City, Texas. The property includes two single-story retail/medical office buildings with 29,980 square feet of rentable space. The property sits along FM 646, a major commuter road one half mile southwest of Interstate 45 and 30 minutes from downtown Houston. Built in 2005 and 2006, the property sits on approximately 2.83 acres and offers roughly 48% of its space for retail use and 52% for medical use. Suite sizes range from 1,027 square feet to 12,000 square feet.

DDRS is a nationwide buyer of investment-grade commercial properties. Over the last three years, the company has acquired approximately 200 properties valued at over $2 billion. The primary focus of DDRS is on well-positioned, intrinsic-valued real estate such as retail, office, flex, industrial, and multifamily opportunities. DDRS has three regional acquisition offices located in Atlanta, Boise, and Chicago. For more information, contact Vic Moore in the Atlanta office at 770-841-0001, Bill Fremgen in Boise at 208-489-2600, or Matt Blauvelt in Chicago at 312-212-4456. Information is also available by visiting http://www.ddrs.net/.