JLL Capital Markets handles sale of fully-leased Shops at Cross Creek in booming Fulshear, TX submarket, one of Houston's fastest-growing areas

 

 Gianna New

HOUSTON, TX –  JLL Capital Markets announced the successful sale of Shops at Cross Creek, a fully leased 24,188-square-foot retail center located in Fulshear, Texas. The price was not disclosed.

 

JLL worked on behalf of the seller, Rycore Capital LP. The buyer was Phillips Edison & Company.

 

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Director Ryan West, Senior Director John Indelli and Analyst Gianna New.

Ryan West

Shops at Cross Creek, strategically located at 6630 FM 1463, is situated in one of the fastest-growing submarkets in the Houston metro area across the street from the nation’s leading discount grocery giant-anchored center including Chick-Fil-A, Ulta, Raising Cane’s, Whataburger, TJ Maxx, Ross and several other key national retailers.

Shops at Cross Creek, strategically located at 6630 FM-1463, Fulshear, TX 

The center benefits from its position on FM-1463, a key north-south corridor connecting I-10 to FM-1093, in an area experiencing rapid residential growth.

 

Fulshear, located within the dynamic Katy submarket of West Houston, has undergone rapid expansion in recent years, establishing itself as one of the Houston metropolitan area's fastest developing regions. 

John Indelli

The area ranks #1 in annual new home starts in the Houston region, with 6,537 starts in 2023 - an 11.2% increase from the previous year. This rapid expansion is driven by the development of numerous master-planned communities, attracting affluent residents with average household incomes of $183,560 within a three-mile radius.

 

Shops at Cross Creek, a fully leased retail center built in 2015, boasts a diverse mix of both local favorites and nationally recognized tenants. The property is anchored by Yen Fulshear, Rightway Dental, Marvelous Clinic, Firehouse Subs and Avis Budget Car, creating a well-rounded tenant roster that caters to various customer needs.

 

CONTACT:

 Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com