Matthews™ successfully successfully facilitated the sale of two retail properties located at 1416 FM 528 and 1424 FM 529 in Webster, TX. The transaction included a 10,159 SF strip center and a 6,250 SF single-tenant Tint World building. Both assets were sold on an accelerated timeline, allowing the seller to efficiently redeploy capital into other markets.

 

Challenge

The primary challenge centered around lease uncertainty. One tenant had not yet moved into the space, while two others were operating on short-term leases. The buyer requested lease renewals to stabilize the income stream; however, renewing the leases would have materially impacted the agreed-upon purchase price, limiting flexibility during negotiations.

 

Strategy

The Matthews™ agent worked closely with the seller to ensure full alignment on market expectations and pricing realities for this specific product type. By leveraging the Matthews™ database, he identified and engaged nearby owners and out-of-state buyers with a strong appetite for retail assets with near-term upside. This targeted outreach strategy generated competitive interest while maintaining the seller’s pricing objectives without altering lease structures.

 

Result

Despite a compressed timeline and lease-related complexities, Matthews™ efficiently and smoothly closed this transaction. The seller successfully exited his only retail holdings, originally developed in 2018, to redeploy capital into new markets. The transaction met market expectations and closed quickly, delivering a seamless outcome for the client.

 

Client Testimonial

Selling two retail properties in Webster could not have gone more smoothly, largely due to Joshua’s work. He stayed on top of every detail, communicated clearly at each step, and kept the process moving efficiently. I appreciated how easy he made the transactions and would highly recommend him to other property owners.