CenterSquare Investment Management Acquires Houston-Based Gleannloch Crossing

May 2024

May 8, 2024 – We’re pleased to share the latest acquisition in our Essential Service Retail (ESR) portfolio: Gleannloch Crossing, a 32,797 sf Class A Essential Service Retail property located in the high-growth Houston submarket of Spring, TX. This center is strategically located at the highway intersection of Grand Parkway and Champion Forest Drive, adjacent to a prominent 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 diverse 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. Gleannloch Crossing represents CenterSquare’s 40th ESR acquisition nationally, 3rd in the Houston MSA and aligns with CenterSquare’s strategy of targeting high-quality, unanchored centers in robust and growing submarkets across the Sunbelt, where tenants provide essential services supporting the local communities.