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Category Archives: Retail

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 »

The Halal Guys Enter Houston Market

HOUSTON – The Halal Guys, a New York City restaurant group, plans to open several stores in the Houston market over the next few years. Transwestern represented The Halal Guys in a new retail lease totaling 1,483 square feet to accommodate its growing business located at 3821 Farnham Street, near Richmond Avenue and Shepherd Drive in Houston. Chris Reyes, broker ... Read More »

The Winners and Losers of Christmas Retailing 2015

(By Dale King) – HOUSTON — – During the 2015 holiday shopping season, a majority of bargain hunters braved crowds, parking woes, traffic jams and potentially foul weather to bring home the glistening gifts and much-wanted toys that delighted their kids and family members on Christmas morning. At the same time, many stayed home to tap-tap and click their orders into ... Read More »

Realty News Report Award: Best Retail Project of the Year

Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the smart professionals who are making them happen. Ralph Bivins’ Realty News Report ... Read More »

Five Regional Malls Bought for $1.1 Billion

DALLAS – A group including Dallas-based Centennial Real Estate Co., Montgomery Street Partners, the real estate investment affiliate of Blum Capital Partners, and San Antonio’s USAA Real Estate Co. acquired five regional malls from Westfield Corp. for $1.1 billion. The 6 million-SF portfolio has an average occupancy of 97 percent. The properties are: Connecticut Post Mall in Milford, Conn.; Main Place Mall ... Read More »

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