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Alliance Consolidated acquires two net-leased medical properties in Brenham


Alliance Consolidated acquires two net-leased medical properties in Brenham
May 25, 2021
Alliance Consolidated Group of Companies announced it has acquired two net-leased medical properties in College Station and Brenham, Texas. Alliance purchased the 16,097-square-foot portfolio from a private seller for $6,075,000.
The first asset is located at 1730 Birmingham Road in College Station. Comprising 12,958 square feet, the two-tenant property is leased to Texas ENT & Allergy and CHI St. Joseph and Texas A&M Health Network. The other property, located at 539 Medical Parkway in Brenham, is 3,139 square feet and fully leased to Texas ENT & Allergy.
Texas ENT & Allergy is a full-service, independent ear, nose and throat, allergy and audiology private practice. CHI St Joseph’s Health is part of St. Joseph Health College Station Hospital one of the largest hospital systems in the region and located only a half-mile from 1730 Birmingham ....

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Retail Value Inc. sells Uptown Solon shopping center for $10.1 million


Retail Value Inc. sells Uptown Solon shopping center for $10.1 million
Uptown Solon
Retail Value Inc. (NYSE: RVI) has sold one of its remaining Ohio properties.
The Beachwood-based company formed to sell shopping centers owned by the former DDR Corp. said in a news release late Wednesday, April 21, that it closed on the sale of Uptown Solon for $10.1 million, prior to closing costs, prorations and other closing adjustments. Retail Value, known as RVI, said in the release that 90% of net proceeds were used to repay mortgage debt associated with the company. The remaining proceeds were retained as cash.
RVI in the release did not identify the buyer. Cuyahoga County land records had not recorded the sale as of 5 p.m. Wednesday. ....

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