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 in close-in northwest Houston – was sold by the energy company to a partnership affiliated with Fidelis and Houston real estate investor Khaled Salem of Williamsburg Enterprises for about $11 million.
At a Bisnow presentation on Wednesday, Hassenflu told a gathering of Houston real estate professionals, the Exxon Brookhollow property would be transformed into a “dominant” retail center in the northwest marketplace.
The Exxon Mobil campus, at the intersection of Highway 290 and Dacoma Street, was one of several Exxon sites abandoned after the energy giant built its new 3 million square-foot campus on the north side of Houston, a few miles from The Woodlands.
The site, formerly known as the Exxon Mobil Brookhollow facility, has three old Exxon office buildings and some other structures totaling about 500,000 SF. The Exxon Mobil Brookhollow property is near the site of a proposed bullet-train station and the 1960s-vintage Northwest Mall.
July 15, 2016