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Grand Parkway Boosts North Houston

Office and residential growth are creating increased demand for retail, and local as well as out of state buyers are attracted to well-placed centers with strong tenants that draw on increasingly affluent surroundings.

By Lisa Brown | Updated on December 04, 2017

Rayford Crossing Rayford Crossing features 36,704 square feet of retail along Riley Fuzzell Road.

HOUSTON—The founding partners of Houston-based Capital Retail Properties have come a long way since the 11/11/11 launch of the commercial brokerage firm. The trio of former Texas A&M University students, Eric Walker, Anderson Smith and Ford Scott, honed their real estate skills at NewQuest Properties. Smith and Scott befriended Walker, at the time a vice president of leasing development, who began his career as assistant to the president, personal aide to the US secretary of education and associate director of the White House office of combating terrorism.

Now a unit of nine, Capital Retail Properties has forged a niche specializing in the development, marketing and disposition of anchored and shadow-anchored retail shopping centers, along with tenant representation and retail land sales. Clients range from Midway and McDonald’s to Prosperity Bank, Academy Sports, Grub Burger Bar, Starbucks and Corner Bakery. In recent months, Capital Retail Properties has not only met key milestones for three suburban developments, but been involved in center sales totaling $25 million.

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