FORGE ANNOUNCES SALE OF HUMBLEWOOD SHOPPING CENTER
Forge Real Estate Partners III, LP (the “Fund”), a joint venture between Forge Capital Partners and The Sembler Company, is pleased to announce the sale of Humblewood Shopping Center, a 163,897 square foot power center located in the Houston-area community of Humble, Texas.
Anchored by Conn’s and Petco, the center is situated in one of Northeast Houston’s most dominant retail corridors and provides a diverse mix of retail, restaurant, and service-based offerings. The center is close to major employment centers and 2.5 miles east of George Bush Intercontinental Airport, which employs more than 35,000 people. The property was sold to South Florida based JBL Asset Management.
Forge Capital Partners is a diversified, commercial real estate investment and investment management company. Forge has built a strong track record as an acquirer and operator of commercial real estate, specializing in socially responsible projects throughout the Southeast. Since 2000, Forge and its principals have successfully sponsored and managed four real estate oriented, closed-end private equity funds, and executed over a billion dollars in retail and multifamily real estate transactions.
The Sembler Company, formed in 1963, is one of the premiere full-service real estate companies in the United States. Specializing in commercial retail development, Sembler has developed over 350 properties throughout the Southeast and Puerto Rico, consisting of 29 million square feet and national retailers such as Publix and Target. The company currently manages and leases over 10 million square feet of company owned and third-party managed retail properties.