THE WOODLANDS – (Realty News Report) – Mohr Capital, a Dallas-based real estate investment firm, has acquired the 7 Leguas Mexican restaurant property in The Woodlands for a redevelopment project
The redevelopment plan includes razing the 7 Leguas Restaurant building of FM 1488 and developing a freestanding structure consisting of a Chipotle Mexican Grill restaurant and a Regions Bank branch office.
“We are pleased to be working with top tier concepts and helping to facilitate their expansion,” said Rob Solls, Director of Retail Investments & Acquisitions for Mohr Capital. Solls handled the transaction for Mohr Capital. “This is a prime example of how Mohr Capital is continuing to target best-in-class fundamental real estate, where we believe there is an opportunity to extract value.”
Chipotle, a publicly traded restaurant operator, has 2,700 locations throughout the United States. Regions Bank, headquartered in Birmingham, Ala., has approximately $2 billion of assets, including more than 3,000 retail branches and standalone ATMs.
The Mohr development firm is led by Bob Mohr, a 30-year industry veteran. The company acquires and develops office, industrial and retail throughout the U.S.
April 2, 2020 Realty News Report Copyright 2020
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