Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
JBL Purchases Sixth Greater Houston Retail Center
JBL Asset Management acquired Montgomery Plaza, a 315,708-square-foot power center located at the corner of Interstate 45 and Loop 336 in Conroe, Texas. The Houston Business Journal reports American National Insurance was the seller. Montgomery Plaza was built in 1981 and renovated in 1993.
The power center is 94.3% occupied and features a lineup of 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 Ryan West and John Indelli.
This is JBL’s sixth retail center in the Greater Houston area.
Looking for practical market intelligence and real-time perspective from the leaders actively investing in Phoenix’s multifamily, SFR, and BTR sectors? Save your seat now to connect with the capital, insights, and decision-makers driving the next phase of Phoenix’s multihousing market in-person, at Connect Phoenix Multifamily, SFR & BTR 2026: www.ConnectPHXMF2026.com | Wednesday, April 8th at The Westin Kierland Resort & Spa, Scottsdale.
- ◦Sale/Acquisition
