Broker Wayne Bridgeford tells GlobeSt.com that Walgreens is looking to sublease the spots because they have built freestanding owner-occupied stores to replace the older leased locations. The Houston sites are 12,000 sf at Grant Road in Cypress; 23,658 sf at Beechnut and Wilcrest; 23,100 sf at Jones Road and FM1960; 16,219 sf at Westheimer and Voss; 13,610 sf at Fuqua and Beamer; 13,360 sf at Fulton and Hays; 11,940 sf at Richmond and Ocee; 11,310 sf at Veterans Memorial and Gears. In Kingwood, there is an 11,998-sf store at Texas 59 while 16,400 sf is available at Strawberry Road in Pasadena. Texas City has a 12,000-sf building available at Palmer Highway and Rosenberg, 15,000 sf at Avenue H. Grubb & Ellis broker Jim Thompson is handling the leasing for Pasadena, Texas City and Rosenberg locations.
In an unrelated retail lease, The Stained Glass Gallery of Kingwood has leased 3,918 sf in the 57,684-sf The Market Place at 1576 Kingwood Dr. Kingwood is a master-planned community north of Houston. Thompson has represented the center's owner, Market in Kingwood Partners Ltd. in the lease negotiations.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.