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23,000-SF Strip Center Rising Near Eagle Springs

HUMBLE, TX-A growing, but under-retailed area near Eagle Springs is getting 23,000 sf of new retail space. Jack Gross, a Houston-based investor, is set to break ground this month on an unanchored strip center.

By Jennifer D. Duell | Updated on June 21, 2005

HUMBLE, TX-A Houston-based investor, Jack Gross, has acquired 2.3 acres near the master planned community of Eagle Springs and plans to develop a 23,000-sf retail center on the site. Dubbed the Centre at Eagle Springs, the unanchored strip project will break ground this month.

Gross gained the deed from Parr Family LP of Houston, paying close to $6 per sf for the land, which is located at Atascocita Road and Timber Forest Drive, says Roddy McAlpine, a senior vice president with Colliers International’s Houston office. He andChristopher Klein brokered the land sale.

“This is a booming area, but it’s under-retailed,” McAlpine says. “There’s not a lot of developable land left in the area.” The parcel is part of a 5.7-acre tract. The remaining 3.4 acres is under contract to another buyer who also plans to develop retail on thesite, he notes.

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