2 Suburban Retail Developments Approach Groundbreaking: The Houston Deal Sheet
The Houston area is gaining two major suburban retail developments, with one set for a summer groundbreaking and the land acquired for the other.
Trademark Property Co. plans to break ground this summer on Dunham Pointe retail village, a 206K SF project at the intersection of Highway 290 and Mason Road in the northwest Houston suburb of Cypress.
Fort Worth-based Trademark has inked leases with Shake Shack, Amorino Gelato, MilkShake Factory, Pokeworks and several other confidential tenants, including a national organic grocer anchor and a junior fashion anchor.
Trademark has signed leases with six tenants for 35K SF and is in negotiations with more than 12 tenants totaling 65K SF. It also has letters of intent from 10-plus retailers.
Trademark has never seen such strong preleasing demand, CEO Terry Montesi said in a statement.
“Retailers are actively looking for well-located projects in affluent growing trade areas, and we’re seeing that play out at Dunham Pointe,” he said. “There has been very little new retail supply delivered since 2009, which has created significant pent-up demand from both national brands and emerging concepts.”
The development is part of the larger Dunham Pointe master plan, a 1,300-acre community that will have 2,500 custom-built homes.
Meanwhile, Houston-based Fidelis acquired 42 acres at the southeast corner of the future Grand Parkway and FM 517 in Alvin, a growing city south of Houston in Brazoria County, for a mixed-use development.
The project will initially include about 280K SF of retail, with a targeted groundbreaking in early 2027. Boucher Design Group is the project architect. Fidelis had been tracking the site since 2018, R. Carson Wilson IV of Fidelis said in a press release.
“The timing was not right then, and the pandemic paused retail development for a period,” he said. “Today, we are seeing strong retailer demand and believe this is the right moment to move forward.”
Fidelis plans to bring a mix of national and regional retailers to the project, with a focus on apparel, everyday services, dining and convenience-oriented uses.
PEOPLE
CBRE hired Jillian Fredericks and Connor Saxe as senior vice presidents in the firm’s Houston office investor leasing team.
Fredericks joins CBRE with more than 16 years of commercial real estate experience, most recently as senior vice president at Colliers. She has also held positions at Boxer Property and Landmark Properties.
Saxe brings 13 years of experience, most recently as senior vice president at Partners Real Estate, which he joined in March 2025, according to his LinkedIn profile. He also previously held roles at Cushman & Wakefield and Colvill Office Properties.
***
Kirksey Architecture promoted Jody Sergi to director of Kirksey’s PK-12 practice, focusing on the Houston and Gulf Coast region. Sergi has been with Kirksey since 2012 and brings more than 20 years of experience, having overseen more than 1M SF of PK-12 and higher education projects across Texas.
SALES
Schreiner and Kwon Inc. purchased the 80-key Holiday Inn Express & Suites Houston NASA-Boardwalk Area at 2710 E. NASA Parkway in Seabrook. The Richland, Washington-based investor bought the asset from Galveston-based Harshy Seabrook Hospitality.
HVS brokerage and advisory team members Eric Guerrero, James Rebullida, Kyle Peterek, Fadi Rawashdeh and Daneen Godinet brokered the transaction.
***
A confidential buyer bought Parks at Boulder Creek, a 53K SF neighborhood retail center at 10555 Pearland Parkway in Houston. Joshua Sebesta of S&P Interests represented the buyer, and Christopher Winters of Colliers represented the seller. The property is anchored by Spec’s Wines, Spirits & Finer Foods and includes a Chipotle Mexican Grill ground lease.
***
JKZ Fairmont Preston LLC bought Fairmont Preston Plaza at 4802-4930 Fairmont Parkway in Pasadena. The 106K SF neighborhood shopping center is anchored by tenants including Planet Fitness, Cosmic Air Adventure Park & Arcade and Dollar Tree. The property has value-add potential with 20% below-market rents and 46% of tenants expiring within three years without fixed renewal options, according to JLL.
JLL Capital Market’s investment sales and advisory team representing the seller, Mission Shore Management, was led by Ryan West, John Indelli, Zamar Salas and Max Myers.
Marcus & Millichap Capital Corp.’s Jamie Safier and Thomas Monge worked on behalf of the borrower to source acquisition financing, a 70% loan-to-cost loan from Huntington Bank.
CONSTRUCTION AND DEVELOPMENT
KA Residences, a new wellness-focused luxury residences brand, plans to launch in Houston and build a 28-unit development. Construction is slated to begin this fall for the 14-story building in the Houston Uptown Inner Loop area.
The development will include two-bedroom and three-bedroom models, plus three penthouses, some two-story and some one-story. A spokesperson declined to release more specific details.
KA Residences is co-founded by developer Moiz Bhamani and interior designer Nina Magon. KA Residences Houston will launch in April, followed by Dallas, Scottsdale, Arizona, Dubai and Mexico City.
