{"id":644204,"date":"2026-03-09T22:57:21","date_gmt":"2026-03-09T22:57:21","guid":{"rendered":"https:\/\/www.europesays.com\/us\/644204\/"},"modified":"2026-03-09T22:57:21","modified_gmt":"2026-03-09T22:57:21","slug":"florida-based-investor-buys-montgomery-county-retail-center","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/644204\/","title":{"rendered":"Florida-Based Investor Buys Montgomery County Retail Center"},"content":{"rendered":"

JBL Asset Management bought Montgomery Plaza, a 316K SF retail center at the corner of Interstate 45 and Loop 336 in Conroe<\/a>, as the rate of Houston retail investment sales picks up.\u00a0<\/p>\n

\"Placeholder\"\/<\/p>\n

\n Courtesy of JLL\n <\/p>\n

\n Montgomery Plaza in Conroe\n <\/p>\n

Montgomery Plaza\u00a0is 94% occupied by national tenants, including Academy Sports + Outdoors, O\u2019Reilly Auto Parts, Crunch Fitness<\/a>, Spec’s Wine, Spirits & Finer Foods, Petco<\/a> and Dollar Tree<\/a>.\u00a0<\/p>\n

“Montgomery Plaza represented an exceptional opportunity to acquire an established power center with strong national tenancy in one of Texas’ fastest-growing markets,” said Ryan West<\/a>, senior managing director for JLL Capital Markets<\/a>, in a statement. He and John Indelli represented the unnamed seller of the center.\u00a0<\/p>\n

Hollywood, Florida-based JBL Asset Management owns and operates 4.7M SF of\u00a0assets, primarily retail in Florida, Texas and Georgia, according to its website.\u00a0<\/p>\n

Montgomery Plaza, at 1408 N. Loop 336 W., has five vacant suites<\/a> ranging from 1,325 SF to 11.3K SF. The latter is occasionally occupied by Spirit Halloween<\/a>, according to the website.\u00a0<\/p>\n

JBL\u2019s acquisition is the second large Houston-area retail trade within a week. Fidelis Realty Partners<\/a> bought Baybrook Village, a 279K SF shopping center in Webster, from O\u2019Connor Capital Partners\/Wafra, CBRE announced Friday<\/a>.<\/p>\n

That retail center has tenants including Ross Dress for Less and Chuck E. Cheese and newly executed leases with Havertys Furniture, PGA Tour Superstore, Burlington and Cava.<\/p>\n

Houston\u2019s annual retail investment sales volume spiked to $2.7B in 2025, a significant uptick from the last two years that saw volumes below $1.5B, according to JLL<\/a>\u2019s Texas Retail Outlook 2026 report.\u00a0<\/p>\n

Houston saw seven $100M-plus transactions in 2025. Over the past five years, no more than three such deals have traded annually, per JLL.\u00a0<\/p>\n

Houston\u2019s retail market occupancy hasn\u2019t dipped below 90%<\/a>\u00a0since 2013, its longest-ever high-occupancy streak. The market ended 2025 with 95.2% occupancy as limited new supply kept demand in lockstep.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"JBL Asset Management bought Montgomery Plaza, a 316K SF retail center at the corner of Interstate 45 and…\n","protected":false},"author":3,"featured_media":644205,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5130],"tags":[78508,4345,140160,273942,40809,273943,182305,358,3187],"class_list":["post-644204","post","type-post","status-publish","format-standard","has-post-thumbnail","category-houston","tag-conroe","tag-houston","tag-houston-retail","tag-jbl-asset-management","tag-jll","tag-john-indelli","tag-ryan-west","tag-texas","tag-tx"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116201694704351424","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/644204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=644204"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/644204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/644205"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=644204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=644204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=644204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}