HOUSTON, July 18, 2022 – JLL Capital Markets announced today that it completed the sale of Humblewood Mall, a 163,897 square foot retail center anchored by Conn’s and Petco in the Humble, Texas community in the Houston area.
JLL marketed the property on behalf of the seller, Forge Capital Partners. South Florida-based JBL Asset Management acquired the asset.
Humblewood Mall is home to a diverse mix of national and regional tenants including Conn’s, Petco, Michaels, DSW, Five Below, Texas State Optical, Sketchers, GameStop, Honey Baked Ham, Jason’s Deli, Smoothie King, IHOP, Humble Nails, Gadget MD and Ace Cash Express.
Located at 19611 US 59, Humblewood Mall is on the southwest corner of FM 1960 Bypass Rd E and Interstate 69, which is the dominant commercial intersection in northeast Houston and directly across from the Deerbrook Mall, a 1.2 million square foot regional shopping center. . The center is close to major employment centers and 2.5 miles east of George Bush Intercontinental Airport, which employs more than 35,000 people. The center serves a population of 43,280 within a three-mile radius, earning an average annual household income of nearly $84,000.
The JLL Retail Capital Markets team representing the seller was led by senior managing directors Chris Gerard and Ryan West and partner Erin Lazarus.
JLL Capital Markets is a global, full-service provider of capital solutions for property investors and occupiers. The firm’s deep knowledge of the local market and global investors provides best-in-class solutions to its clients, whether it is sales and investment advisory, debt advisory, equity advisory or recapitalization . The firm has more than 3,000 capital markets specialists worldwide with offices in nearly 50 countries.
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