Prudent Growth Partners, a private equity real estate firm headquartered in Chapel Hill and Charlotte, North Carolina, has completed the $5.75 million acquisition of Baker Cypress Marketplace, a 47,364-square-foot retail shopping center located in Houston, Texas. The transaction further expands the firm’s Texas retail footprint. And it aligns with its strategy of acquiring well-located, community-serving retail assets that offer durable cash flow and long-term value creation.
Baker Cypress Marketplace is situated at the highly trafficked intersection of FM 529 and Barker Cypress Road, which collectively sees approximately 67,000 vehicles per day. The center is two miles from Highway 6 and five miles from the Grand Parkway, providing strong regional accessibility and visibility. The property features six points of ingress and egress and benefits from its proximity to Houston’s expanding transportation infrastructure.
At the time of acquisition, the center was 94 percent occupied and leased to 10 tenants with staggered lease expirations, offering income stability and downside protection. The tenant mix consists primarily of lifestyle businesses and service-oriented operators designed to meet daily consumer needs. The property is shadow-anchored by a Planet Fitness location that ranks first among 12 locally and in the top 20 percent nationally.
The surrounding retail corridor includes a dense concentration of national and regional retailers such as Kroger, Ace Hardware, T-Mobile, Dollar Tree, Sprouts, Ross, Five Below, HomeGoods, Best Buy, Lowe’s, Target, Marshalls, Michael’s, Walmart, Goodwill, Taco Bell, and Burlington, further enhancing the property’s competitive positioning. According to the firm, the center was well maintained by prior ownership and does not have significant deferred maintenance requirements.
Prudent Growth Partners focuses on acquiring overlooked real estate assets that can benefit from hands-on management, operational improvements, and long-term appreciation. The firm targets investments that offer high current income while positioning portfolios for future value creation through disciplined execution and market selection.
KEY QUOTES:
“We are thrilled with the purchase of Baker Cypress Marketplace that represents exactly the kind of well-positioned, community-serving retail asset we seek. Its prime location in Houston, which continues to demonstrate strong population growth and economic resilience, meets the everyday needs of the community while creating long-term value for our investors and tenants.”
Tom Hahn, President And CEO, Prudent Growth Partners
