Houston, March 29, 2022 – Kimco awards Colliers the leasing assignment for three Baybrook area properties: Baybrook Gateway, Center at Baybrook, and their new development, Shops at Baybrook. The properties are adjacent to each other on the Gulf Freeway at the southeast corner of Bay Area Boulevard and have suites available from 2,400 square feet to 39,998 square feet as well as a 1-acre pad site.

Heading up the assignment from Colliers for Baybrook Gateway and Center at Baybrook is Kimberly Lenardson and Cody Persyn. While the Shops at Baybrook will be headed by Hannah Tosch and Wade Greene.

Future Shops at Baybrook

New tenants for the properties will join retailers such as Party City, World Market, Michaels, Barne’s & Noble, buy buy Baby, Bed Bath & Beyond, Bel Furniture, Hobby Lobby, James Avery, and Jared. Escalante’s, La Madeline, Pappas Delta Blues Smokehouse, Pappas Seafood House, and BB’s are some of the restaurants.

“We are very excited for our new relationship with Kimco and these three Baybrook area properties,” said Kimberly Lenardson, Vice President of Colliers, “The existing retail and restaurant tenants in this market are performing very well for the most part, which is contributing to the area’s occupancy remaining tight.”

The properties are located in Houston’s NASA/Clear Lake retail submarket. The submarket consists of 28.8 million square feet of retail space, which is 94.7% occupied. In addition, there is 140,000 square feet of additional space under construction in the submarket.

About Colliers International Group Inc.

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.