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Category Archives: Retail

Greenspoint Retail Center Sells for $15 Million

HOUSTON – CBRE handled the sale of West Road Collection, a neighborhood shopping center the Greenspoint area of north Houston to Hass Holdings LLC for $15 million. The deal commanded one of the highest prices per square foot in the area, signifying the great demand for retail space in this part of the country. CBRE’s Richard Rizika represented the seller, ... Read More »

Transwestern: 500,000-SF Town Center Planned in Fort Worth

FORT WORTH – De La Vega Group bought 90 acres in the Presidio North project for a 500,000-SF retail, restaurant, entertainment and hotel space. The seller was Diversified Real Estate Group of Las Vegas. Steve Williamson of Transwestern handled the sale. The new project, called The Citadel, located on Interstate 35 West at Heritage Trace Parkway. Oct. 7, 2016 Realty ... Read More »

CBRE: Record High Occupancy in Houston Retail Centers

HOUSTON – The market for retail center real estate is strong in Houston, with high occupancy rates and a brisk pace of leasing up new space, according to the CBRE Research. “The trend of record high occupancy continues across Houston; the average occupancy increased to 94.3 percent in the third quarter of 2016. Occupancy levels will remain at this level due to ... Read More »

Trademark Developing Westside Town Center on I-10

HOUSTON – Trademark Property Co., a Fort Worth-based developer specializing in mixed-use and retail, has agreed to develop an 82-acre town center on property owned by Westside Ventures Ltd. at the northwest corner of Interstate 10 and Mason Road in Katy, west of Houston. The first phase of project, covering 60 acres, will include retail, multifamily, office space and a ... Read More »

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 »

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