JLL Capital Markets secured the sale of Montgomery Plaza, a 315,708-square-foot power center at the hard corner of Interstate 45 and Loop 336 in Conroe, Texas.
JLL represented the seller. The buyer was JBL Asset Management.
Montgomery Plaza is strategically positioned along two major thoroughfares, offering excellent visibility and accessibility in one of the Houston area’s fastest-growing submarkets. The property attracts over 2.2 million annual visits and is ranked in the top 80% of shopping centers across Texas.
The power center is 94.3% occupied and features a premier lineup of essential and e-commerce resistant tenants, including Academy Sports + Outdoors, O’Reilly’s Auto, Crunch Fitness, Spec’s Liquor, Petco and Dollar Tree. The property also features five multi and single tenant pad sites, providing additional value-creation opportunities and optionality for the new owner.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Director Ryan West and Senior Director John Indelli.
