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Category Archives: Retail

Glenbrook Square Shopping Center Sold

HOUSTON – Telephone Square LLC., a California investment entity led by Ai Hoa Wu, has acquired a 73,000-SF retail center near Houston’s Hobby Airport. The Kroger-anchored center, which is 92 percent leased, is located at the northwest corner of Telephone Road and Bellfort Avenue. The seller, Houston REIT Weingarten Realty Investors, was represented by George Cushing and Wendy Vandeventer of ... Read More »

Transwestern Handles 11 Leases for Pizza Chain

HOUSTON – Transwestern represented MOD Pizza in 11 new leases in Houston, bringing the restaurant chain to 15  Houston locations. MOD operates 150 stores across the U.S. and the United Kingdom and plans to open 50 more stores by the end of 2016, including five U.K. locations. Transwestern’s Grant Walker and Chris Reyes represented MOD Pizza in the Houston leases. ... Read More »

The Heights: Historic Rooftops Attracting Retail

THE HEIGHTS, Texas – The sale of a 20,500 square foot warehouse building at the southwest corner of N. Shepherd and W. 18th — expected to be transformed into retail — is the latest in a series of adaptive reuse developments in the Houston’s trendy Heights, which lies just northwest of downtown. “The sale says what by now everyone knows – ... Read More »

Will Houston’s Retail Center Market Get Overbuilt? – The Q&A with Jason Gaines of NAI Partners

HOUSTON – The retail scene in Houston is hotter than an August day in the Panhandle.  The office market is awash in space, the multifamily sector is seeing too many units and too few tenants, but retail is hot. With occupancy at an impressive 95 percent, the retail sector continues to experience boom times. It’s no wonder NAI Partners, one ... Read More »

Fidelis Planning Major Retail Center on Former Exxon Site Near Highway 290

HOUSTON – A major retail center development could be under construction as soon as next year on the site of the former Exxon Mobil Brookhollow campus near the intersection of Highway 290 and Loop 610 in Houston, says shopping center developer Alan Hassenflu, co-founder, managing principal and CEO of Houston-based Fidelis Realty Partners, Ltd.. The strategic 24-acre property – located ... Read More »

Amazon to Build an 855,000 SF Fulfillment Center in Hines Business Park in Houston

HOUSTON – Amazon will build an 855,000 SF fulfillment center in Hines’ Pinto Business Park at the southwest corner of Interstate 45 North and Beltway 8 in north Houston. The Harris County commissioners voted Tuesday to provide Amazon with a tax abatement of $180,000 a year for 10 years, as an economic stimulus, according to the Houston Chronicle. Amazon will ... Read More »

Houston Leads the Nation in Retail Construction, Marcus & Millichap Reports

Houston is leading the nation in shopping center construction, according to the Marcus & Millichap real estate firm. In its second quarter retail research report, the firm predicted 3.3 million square feet of retail space will be completed in the Houston area this year, more than any other market in the country. Job growth is rather puny, but at least ... Read More »

Commercial Development Begins in Midway’s Memorial Green with Six Tenants Signed

HOUSTON – Midway, a Houston-based real estate development and investment firm, has signed six commercial tenants in Memorial Green, an upscale village of custom homes, shops and office space on Memorial Drive in west Houston. Memorial Green will feature 91 single-family luxury urban homes, a central green plaza and gated community parks, 50,000 square feet of Class-A office space with ... Read More »

Stream Realty Developing 108,000 SF of Retail Southeast of Houston in Pearland

PEARLAND, Texas – Stream Realty has broken ground on the Center at Pearland Parkway II, a 108,000-SF second phase of a power center in east Pearland. The 166,000-SF first-phase of the two-year-old center, located at the northwest quadrant of FM 518 and Pearland Parkway, is 95 percent leased. The Pearland Parkway has significant demographics and buying power, establishing it as ... Read More »

Thor Equities Developing Retail Center in Cinco Ranch, West of Houston

HOUSTON – Thor Equities is developing a 250,000-SF retail project anchored by a Lowe’s home improvement store in the Cinco Ranch community in Katy, west of Houston. “We are excited to welcome Lowe’s to The Shoppes at Cinco Ranch, which will be a center point for shopping, dining and entertainment for Cinco Ranch, one of the Houston area’s fastest growing communities,” said ... Read More »

Two-Story Westchase Retail Center Sold

HOUSTON – Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale of Briar Lake Village, a 36,607-square-foot, two-level retail center in Houston’s Westchase District. HFF marketed the property on behalf of the seller, Berkeley Land Co.  Briar Lake Village Inc. purchased the property for an undisclosed price. In 2007, HFF brokered the sale of the property to the seller. Briar ... Read More »

Inside the Loop: The Q&A with Mark Davis of Davis Commercial

HOUSTON – With “one of a kind” specialty retailers like Cheeky Vintage, Found, and Kuhl-Linscomb, Houston’s “inside the Loop” retail scene is thriving.  Virtually any time of day, the region is buzzing with shoppers who are partaking of the area’s eclectic shops and restaurants.  What makes the inner city scene so exciting?  What about the ever-changing shops along lower Westheimer?  ... Read More »

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