Fidelis Realty Partners Acquires 278K-SF Baybrook Village Retail Center in Webster, Texas

The open-air shopping center is 99% occupied and anchored by national retail tenants.

Mar. 10, 2026 at 9:48pm

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Baybrook Village, a 278,842-square-foot open-air retail property in Webster, Texas, has been acquired by Fidelis Realty Partners from O'Connor Capital Partners/Wafra. The transaction was arranged by CBRE National Retail Partners, who represented the seller. The property is 99% occupied and anchored by a lineup of national retail tenants including Havertys, PGA Tour Superstore, Burlington, and CAVA.

Why it matters

The acquisition of Baybrook Village by Fidelis Realty Partners adds a highly stabilized, nationally anchored retail center to their portfolio. The property's location within one of Houston's most institutionally concentrated retail corridors, adjacent to the state's most-trafficked shopping mall, Baybrook Mall, underscores its strategic position within the regional retail landscape.

The details

Baybrook Village is situated at 1507 West Bay Area Boulevard in Webster, Texas, just outside of Houston. The property features 278,842 square feet of retail space and was reported to be 99% occupied at the time of the sale. Recent leasing activity has added several new national tenants to the roster, including Havertys, PGA Tour Superstore, Burlington, and CAVA. This leasing momentum reinforces the center's position within an established retail hub and suggests consistent tenant demand.

  • Baybrook Village was sold in an investment transaction on March 10, 2026.

The players

Fidelis Realty Partners

A real estate investment firm that acquired Baybrook Village in the transaction.

O'Connor Capital Partners/Wafra

The previous owner of Baybrook Village, who sold the property to Fidelis Realty Partners.

CBRE National Retail Partners

The CBRE team that represented the seller, O'Connor Capital Partners/Wafra, in the disposition of Baybrook Village.

Baybrook Mall

A regional mall located adjacent to Baybrook Village, described as the state's most-trafficked shopping mall.

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The takeaway

The acquisition of Baybrook Village by Fidelis Realty Partners highlights the continued institutional interest in well-located, stabilized retail properties that serve as key components of established retail hubs. The property's high occupancy, national tenant mix, and strategic positioning within the broader Baybrook retail corridor make it an attractive long-term investment.