JLL Capital Markets has closed the sale of Humblewood Shopping Center, a 163,897-square-foot power center anchored by Conn’s and Petco in the Houston-area community of Humble.

JLL marketed the property on behalf of the seller, Forge Capital Partners. South Florida-based JBL Asset Management acquired the asset.

Humblewood Shopping Center is home to a diverse mix of national and regional tenants, including Conn’s, Petco, Michaels, DSW, Five Below, Texas State Optical, Sketchers, GameStop, Honey Baked Ham, Jason’s Deli, Smoothie King, IHOP, Humble Nails, Gadget MD and Ace Cash Express.

Located at 19611 US 59, Humblewood Shopping Center is at the southwest corner of FM 1960 Bypass Rd E and Interstate 69, which is northeast Houston’s dominant retail intersection and directly across the street from Deerbrook Mall, a 1.2-milion-square-foot regional mall. The center is close to major employment centers and 2.5 miles east of George Bush Intercontinental Airport, which employs more than 35,000 people. The center serves a population of 43,280 residents within a three-mile radius earning an average annual household income of nearly $84,000.

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Chris Gerard and Ryan West and Associate Erin Lazarus.

Trez Capital announced the closing of a $15.3 million loan to Windy Hill Development, LLC for the development of 300 single-family lots in the first phase of Indian Springs, a new planned community located just outside Houston, in eastern Harris County on Indian Shores Road near the eastern shores of Lake Houston. The four-phase development spans 138 acres and will have approximately 583 homes upon completion.

Indian Springs complements “lake life” with its amenity offerings, inviting residents to immerse themselves in recreational living. Residents will have access to an exclusive amenities center along with ample, beautiful walking trails and three acres of parks. Residents will enjoy the community’s proximity to Indian Shores Golf Course as well as homes zoned for Crosby Independent School District for families with school-aged children.

The planned community provides easy access to major thoroughfares and is approximately six miles north of State Highway 90. Lennar is the builder under contract to purchase all the lots within the community. Connor Investment Real Estate provided equity to purchase the land and fund the infrastructure development for the first phase of the project.

The phase one lots are expected to be delivered in 2023.

Windy Hill Development currently has 10 projects in active development, including Indian Springs, with just over 8,700 residential lots planned covering more than 3,300 acres.

OHK Global purchased a portfolio of six Fuel Depot locations in Port Arthur and Beaumont from Beyond Development Inc DBA Fuel Depot/Eclipse Development. Included in the transaction were 4200 Gulfway Drive, Port Arthur, TX 77642, 6107 West Port Arthur Road, Port Arthur, TX 77640, 700 West Gulfway Drive, Port Arthur, TX 77640, 6800 9th Avenue, Port Arthur, TX 77642, 7621 N Twin City Highway, Port Arthur, Texas 77642 and 2580 S 4th Street, Beaumont, TX 77701. Atif Ilyas of McAlpine Interests represented the buyer. OHK Global intends to renovate and rebrand the properties.

For more information on McAlpine Interests’ current sales listings, lease listings or prior transactions, please visit //www.mcalpineinterests.com.