Interest Grows in New Woodlands Area Retail & Commerce Center

CONROE, TX, March 22, 2022 – With pre-construction leasing already at 75 percent of initial capacity, officials behind an innovative new retail and commerce complex have confirmed plans to triple the size of the overall project.

Construction on the first phase of Robinson Plaza, a 9,625-sq.ft. retail and business center located at the intersection of Robinson and Hanna Roads in Oak Ridge North, is nearing completion. Officials with developer MHW Real Estate have announced the expansion of the project to include two additional buildings of the same size – bringing the total available commercial space to nearly 30,000-sq.ft.

“Interest from the retail business community and service industry professionals has exceeded our initial expectations,” said Reese Brown, project manager for MHW Real Estate. “We anticipate releasing space for build-out to clients and breaking ground on the two new buildings by late summer.”

In addition to favorable economic conditions in The Woodlands area, Brown credits interest in the $4.5 million project to a favorable location and highly flexible design characteristics that include high ceilings and rollup, overhead doors in the rear for easy and convenient access.

“The site has good exposure and high traffic counts,” noted Brown. “This will only improve with completion of Oak Ridge North’s Robinson Road project.”

That project will realign the current dogleg Robinson Road into an unimpeded four-lane highway. This realignment will improve traffic and accessibility in the area, according to Jordan Buras, director of economic development for the city of Oak Ridge North.

“We are very excited to be working with MHW on this project,” she said. “New economic growth and improved traffic mobility will be a benefit to all concerned.”

While most space in Phase one of Robinson Plaza is under contract, officials with MHW say leasing for Phase II is underway. Domino’s Pizza, Snobz Salon and La Michoacana Ice Cream are among clients who have confirmed participation in phase one of the project.

“The design of Robinson Plaza is well suited to retail operations, service industry businesses and light manufacturing,” said Brown. “We are looking to anchor the site with a good quality casual restaurant with outdoor dining (pet friendly), to ensure a good mix of retail, commercial and service industry businesses.”

Robinson Plaza is a project of MHW Real Estate, a Conroe-based, commercial real estate investment and development company active throughout Montgomery, Harris and Walker Counties. For more information, call 281-651-4898 or visit www.mhwre.com.

2.203 Acres in Katy, Texas Sells

An undisclosed buyer purchased a 2.203 Acre plot located at the Northeast corner of Mason Road and Franz Road, Katy, TX 77449. CMI Brokerage represented the Seller.

CMI Brokerage is an affiliate of Central Management, Inc.

Central Management, Inc. (CMI) is a professional real estate brokerage and asset management firm catering to the real estate investor, offering full-service Commercial Real Estate services. Services include Brokerage, Property Management and Leasing – in Houston and Dallas. CMI is one of the 27 AMOÒ accredited firms based in Houston, or with a Houston Branch.

Stream Lands Financing for New Dallas Mixed-Use Development

JLL Capital Markets has arranged financing for the development of The QUAD, a mixed-use development totaling more than 487,000 square feet of office and retail in Uptown Dallas.

JLL worked on behalf of the borrower, Stream Realty Partners, to secure the construction loan through MSD Partners, L.P.

Stream acquired the 3.8-acre site in 2019 and has secured approvals to accommodate additional height and density requirements. As such, the redevelopment will include the existing 131,000-square-foot office building alongside a brand new 335,000-square-foot creative office tower and five standalone retail bungalows totaling 14,800 square feet that will work together in concert to create a highly amenitized urban core destination.

Boasting a 90+ WalkScore, The QUAD has an unrivaled Uptown location between Cedar Springs Road and McKinney Avenue and is within walking distance to more than 150 restaurants and bars, 25,000 multi-housing units, performing arts venues and urban green spaces such as Klyde Warren Park and the Katy Trail. Planted among a strong and growing demographic base, The QUAD provides an opportunity for office and retail tenants alike to cement themselves in a location that has proven valuable to a desired demographic base. The project’s smart tech and world class digital art installation, along with its location, will serve as a marketing tool for office tenants to assist in the recruitment and motivation of the nation’s top talent while generating daily activation for the retail tenants.

The JLL Capital Markets team representing the borrower was led by Senior Managing Directors Colby Mueck and Jim Curtin, Managing Director De’On Collins and analysts Rex Cruz and Kristi Leonard.

Constellation Real Estate Partners/Crow Holdings Capital Acquire 33 Acres in Houston

Constellation Real Estate Partners, an investor and developer of logistics properties, in partnership with a real estate fund advised by Crow Holdings Capital, announced that it has acquired 32.95 acres of land on South Post Road in Southwest Houston for the development of Constellation Post Oak.

Designed by Powers Brown Architecture and Langan Engineering, the project will include two buildings totaling 426,200 square feet. Building 1 is 304,400 square feet and offers a cross-dock configuration with 36-foot clear height, and Building 2 is 121,800 square feet with a front-load configuration and 32-foot clear height. The project will feature multiple points of ingress/egress with full circulation, trailer parking, ESFR sprinkler systems and LED lighting. Constellation Post Oak can accommodate a wide range of users from 60,900–304,400 square feet.

Constellation Post Oak is located proximate to Beltway 8, the preferred route for distribution throughout the Houston MSA. It is also located only nine miles from the Texas Medical Center, the largest medical complex in the world, adjacent to Fort Bend County, the second-fastest growing county in the U.S. from 2015–2020, and in close proximity to Houston’s inner-loop neighborhoods.

Zack Taylor of Colliers represented Constellation Real Estate Partners in the acquisition. He, along with Barkley Peschel of Colliers, will oversee leasing of the new development. Construction is set to begin in June 2022 with completion scheduled in Q2 of 2023.