THE ACQUISITION OF
WEST WILLOW SHOPPING CENTER
(October 31, 2023) FRIENDSWOOD, TEXAS — The Mishra Group (the “Firm”) is thrilled to share our recent acquisition of West Willow Shopping Center, a 100,120 square foot retail shopping center strategically positioned in a dominant retail corridor of Lafayette, LA.
Anchored by grocery giant Super1 Foods and popular discount retailer dd’s Discounts, West Willow serves as a convenient one-stop shopping center for locals. Super1 Foods is owned by Brookshire Brothers, the owner and operator of over 200 grocery stores across several operating brands. dd’s Discounts is owned by Ross Dress for Less, the nation’s leading discount retailer offering brand-name merchandise.
“We’re excited to welcome West Willow to our growing portfolio of nationally anchored shopping centers,” said Shiv Mishra, who leads the Firm’s commercial real estate investment platform. “This acquisition aligns with our strategy of investing in well-located centers with strong anchors which serve the everyday needs of the surrounding community.”
The Mishra Group plans to utilize its vertically integrated platform to drive value at West Willow Shopping Center. Efforts will include lease-up of existing vacancies with complementary tenants, property upgrades, and enhanced marketing and events to drive foot traffic.
“While we pause to celebrate a successful closing in an extremely challenging environment, we remain energized and are ready to get to work making this shopping center an even greater asset for our tenants,” added Mishra. “Our core value-add is our unwavering focus on providing clean, safe, and maintained retail shopping destinations.”
The Firm acquired the center from a privately held Texas firm that operates over 120 centers representing 12 million square feet of real estate. Immediately prior, Brixmor Property Group (NYSE: BRIX) owned the center.
Michael Johnson and Michael King of the JLL Capital Markets Houston office procured financing on behalf of the Firm. Tyler Marquette and Matthieu Robért of Fishman Haygood LLP’s New Orleans office served as transaction counsel.
Shiv K. Mishra
M: (832) 814-6793