Regional power center in Houston, TX sells to local investor Wu Properties

 

Erin Lazarus 

 HOUSTON, TX – JLL Capital Markets has closed the sale of Market Square at Eldridge, a 262,556-square-foot regional power center anchored by a slate of best-in-class tenants in Houston, Texas.

JLL marketed the property on behalf of the seller, Walton Street Capital, L.L.C. Houston-based Wu Properties acquired the asset.

Megan Babovec

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

“Market Square at Eldridge will be a great addition to Wu Properties existing Houston retail portfolio,” West said. “It was a strategic opportunity for them given their current interests in the trade area.

 

"All personnel on both sides of this transaction should be commended on such a smooth and expedited transaction.”

Chris Gerard

According to Placer.Ai, Market Square at Eldridge center is in the top 5% of all U.S. shopping centers. The high-performing center is 98 percent leased to a robust mix of national tenants, including Burlington, Michaels, Party City, PetSmart, Dollar Tree, HomeGoods, Bath & Body Works, Ulta Beauty, Cato, Old Navy and Office Depot.

Ryan West

A Target and popular membership-only retail warehouse serve as shadow anchors.

 

Market Square at Eldridge is positioned on 32.52 acres at 2660 Eldridge Pkwy S. in a high-traffic infill Houston location at the intersection of Westheimer Road and Eldridge Parkway, which sees more than 99,000 vehicles per day.

 

For more news, videos and research resources on JLL, please visit our newsroom.

Contact: 

 

Kimberly Steele, JLL Sr. Manager, Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

JLL boosts Government and Education practice with hiring of clean energy leader Andrew Linowes

Andrew Linowes

 

WASHINGTON, DC– JLL announced the appointment of

Andrew Linowes, CEM, as its Clean Energy Public Sector Lead for its Clean Energy and Infrastructure Advisory team.

 

 In this role, he will be responsible for growing and managing JLL’s clean energy and EV-related business to help government and education clients achieve their sustainability goals.

 

An Association of Energy Engineers-Certified Energy Manager, Linowes, who is based in Washington, D.C., and is a vice president, has more than 12 years of experience in supply and demand-side energy management and financing.

 Prior to joining JLL, he led a team of 50 financial, project development and engineering consultants at Deloitte.

Josephine Tucker

“We are thrilled to welcome Andrew to JLL to lead and execute a national growth strategy for our clean energy and EV clients,” said Managing Director Josephine Tucker, who leads JLL’s Clean Energy and Infrastructure Advisory services.

 

“His wealth of experience in sustainability and government advisory makes him a recognized leader in our field, and we are excited to have Andrew on board to help us serve the growing needs of our clients.”

 

 Kevin Wayer

 “Now more than ever, economic growth relies on dependable infrastructure components,” said Kevin Wayer, president, JLL Government and Education. 

“Andrew understands how critical the next decade is when it comes to clean energy adoption, and his background in developing, evaluating and financing a variety of renewable and conventional energy projects and programs is essential to advising clients.” 

 

Contact: 

 

Kimberly Steele, JLL Sr. Manager, Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com