Commons at Willowbrook

7616 Cypress Creek Parkway, Houston, TX, 77070, US

Descripción

Jones Lang LaSalle Americas, Inc. (JLL) is pleased to present Commons at Willowbrook, an exceptional 568,704 square foot shopping center located in North Houston's thriving Willowbrook submarket. Currently 80% leased, this property offers a compelling value-add opportunity with rents 11% below market rates and 37% credit tenancy. Strategically situated at the northwest intersection of Highway 249 and FM 1960, the property commands an impressive trade area extending over 15 miles. Its diverse tenant roster features high-performing national anchors complemented by sales-driving shop tenants. Commons at Willowbrook is primed for significant NOI growth through multiple existing value-enhancement strategies, with the potential to further enhance the already robust tenant mix and elevate its overall asset value through targeted capital improvements. This rare, true value-add opportunity in an unparalleled location makes Commons at Willowbrook one of the most sought-after offerings in the market.

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Atributos

Superficie bruta construida

52.834 m²

Ocupación

80 %

Año de construcción

1985

Media

Aspectos destacados de la inversión

Premier tenant line up with 37% credit tenancy and 77% national tenancy
Significant NOI growth opportunity via lease up of vacancies and tenants expiring without options (11% below market rents)
The #1 visited open-air non-grocery asset in the submarket, with 4.3+ million annual visitors
Newly added lanes on FM 1960 enhances visibility and accessibility to the center, driving already robust tenant sales (estimated completion End of Summer 2025)
Building G presents a favorable repositioning opportunity through tenant relocations and additional capex, bringing the asset into a new phase of life