Montrose Collective

888 Westheimer Road, Houston, TX, 77006, US

Asset Description

Jones Lang LaSalle (“JLL”) as Exclusive Advisor, is pleased to present Montrose Collective. Montrose Collective is Houston’s newest mixed-use project that is situated in the heart of the cultural epicenter of the city. Comprised of 5 buildings totaling 189,212 square feet of creative office and curated retail, Montrose Collective provides investors a one-of-a-kind, generational asset with 9.0 years of WALT and a current occupancy of 100%.

Montrose Collective represents one of the most ambitious and highly anticipated urban infill developments in Houston. Situated at main and main of Montrose at the intersection of Westheimer Road and Montrose Boulevard, the Property features best-in-class amenities, features, finishes, and design that have attracted tenants from all over the world. The property was carefully assembled and designed over several years to create the premier commercial environment for both office and retail tenants alike.

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Attributes

Building area gross

17,578 m²

Land area gross

0.99 ha

Year built

2021

Occupancy

100%

Number of buildings

Media

Investment Highlights

Houston’s landmark mixed-use development
Potential to push rents with an average 17.96% mark-to-market opportunity for expiring tenants over the next 10 years
35% population growth for the 1-mile radius surrounding the property over the past decade
Anchored by a fortune 500 office tenant with 11.8 Years of WALT remaining
Exceptional tenant performance with a weighted average total tenant sales exceeding $830 PSF