Houston County Galleria
Regional Shopping Mall | 11.70% CAP | 480,808 SF
Marketing description
Investment highlights
FULL OWNERSHIP STRUCTURE
• Houston Galleria provides the opportunity for an investor to have 100% ownership for all pieces to the mall
• 100% ownership structure will allow flexibility to buyer for repositioning/ redevelopment
HISTORY OF SUCCESSFUL ANCHOR REPOSITIONING
• The properties’ desirable location is highlighted by the recent successful repositioning of one of its major anchors
• The former Sears box was re-tenanted by Conn’s Home Plus and Crunch Fitness, two highly desirable uses
• The backfill of this space diversifies the tenant mix & drives additional foot traffic to the center
• This leasing momentum presents upside to an investor and opens opportunity for similar leasing transactions in the future
MULTI-FAMILY DEVELOPMENT ADJACENT
• Directly Adjacent to the Mall will be the Abbington at Galleria multifamily
• The site is a redevelopment of a portion of the former parking lot
• 156 units are finalizing construction and will drive foot traffic to the center
ROBUST RETAIL CORRIDOR
• Located at the heart of a major retail corridor with over 50,000 combined VPD
• 2.5M SF of Retail in a 1-Mile Radius
• Surrounding tenants include: Walmart, Target, Kroger, Publix, Home Depot, Lowe’s, Hobby Lobby, Best Buy, TJ Maxx, Ross, and more
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