The Signorelli Co. is leasing The Village Green, a planned 20-acre “social hub” project at its Valley Ranch mixed-use development in New Caney.
Courtesy of The Signorelli Co.
Rendering of The Village Green at Valley Ranch Marketplace
Within Valley Ranch’s Marketplace district, The Village Green will have about 190K SF of retail space and 40K SF of office space. The Signorelli Co. is targeting leasing regional and national retailers as well as dining and wellness tenants.
“We’re designing The Village Green as a place where people choose to spend time, not just check off a to-do list,” Greg Watson, senior vice president of commercial development at The Signorelli Co., said in a statement. “By curating cafés, boutiques, and wellness-focused businesses that offer meaningful experiences, we’re creating a destination that becomes part of everyday life.”
The Marketplace at Valley Ranch is a 188-acre shopping and lifestyle district with 900K SF of retail space. Construction is scheduled to begin this summer, with the completion of the first buildings expected in the fourth quarter of 2027.
SALES
Montecito Medical Real Estate acquired two medical office buildings totaling 65K SF.
The HCA Surgery Center Portfolio was developed by NexCore Group and delivered last year. The properties are fully leased and anchored by HCA Healthcare’s ambulatory surgery centers, which represent 86% of the net rentable area and have 15-year leases. NexCore will continue managing the properties.
The portfolio includes a building at 21814 Katy Freeway in Katy with a remaining tenant roster including clinical space for HCA, Cardinal Health’s GI Alliance Management and Houston Regional Gastroenterology Institute.
Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Brandy Bellow Spinks of CBRE’s Houston leasing team and Marty Plunkett of CBRE’s Salt Lake City leasing team to advise the seller.
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A Houston-based private equity firm acquired Huntwick Village Center, a 20-suite, 62K SF retail center at FM 1960 Road West and Wunderlich Drive in Houston. Built in 1980, the center’s tenants include Jinya Ramen Bar, Sena Rx Pharmacy and Los Reyes Mexican Restaurant. A freestanding building is leased to Da’ Town Sports Bar & Lounge.
Scott Abeel and Philip Levy of Marcus & Millichap listed the property on behalf of a Houston-based private owner and procured the buyer.
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Courtesy of JLL
Northwest Houston Manufacturing Portfolio
MoxieBridge bought the Northwest Houston Manufacturing Portfolio, comprising four single-tenant manufacturing buildings built between 2000 and 2005. Totaling 128K SF, the properties are at 7505, 7509 and 7519 Prairie Oak Drive in Houston’s Prairie Oak Business Park at the corner of Beltway 8 and Highway 249, as well as 11930 Brittmoore Park Drive, west of Beltway 8.
The facilities have overhead cranes and average clear heights of 25 feet. The fully leased portfolio has an average lease term of 3.8 years.
JLL represented the seller and arranged a loan through WaFd Bank for the buyer. JLL Capital Markets’ Investment Sales and Advisory team was led by Trent Agnew, Charlie Strauss and Lance Young. Campbell Roche, Jarrod McCabe and Jack Britton secured the financing.
LEASES
Olive Garden, Whataburger and Chase Bank ground-leased 69K SF, 47K SF and 34K SF, respectively, in Texas Heritage Marketplace, a NewQuest development at the intersection of Interstate 10 and Texas Heritage Parkway in Waller County.
Bob Conwell and David Meyers of NewQuest represented the landlord. Traci Holman of Baker Katz represented Olive Garden. Scott Gardner of Main Street Commercial Partners represented Whataburger. James Namken and Kyle Knight of Weitzman represented Chase Bank.
About 620K SF of the 750K SF development is now preleased.
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3C Metal USA leased 22K SF at 13719 FM 529. Oxford Partners’ Chase McAteer represented the tenant. The landlord, AKD Properties, was represented by Barrett Gibson and David McMahon of Colliers.
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FreeRange Concepts opened Birdies Icehouse at 65 Hirsch Road within East River 9, the golf course in Midway’s East River development. Birdies Icehouse is a bar and restaurant designed for sports watching and gatherings, with more than 25K SF of event space.
The venue features a lit golf course and driving range, pickleball, lawn games and large-format screens. FreeRange Concepts is the team behind both The Rustic and Bowl & Barrel.
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Ninja Kidz Action Park leased 35K SF of retail space in the former Big Lots building in the Williams Trace Shopping Center at 3410 Highway 6 S. in Sugar Land.
Gary Triplett with CMI Brokerage represented the landlord. David Nixon and Chris Burns with JLL represented the tenant. The business is expected to open this spring.
CONSTRUCTION AND DEVELOPMENT
Trammell Crow Residential, the multifamily development platform of Crow Holdings, is developing a project in partnership with Haseko North America. Allora Fallbrook will be a 366-unit apartment community along Beltway 8 in the Jersey Village area.
Construction is expected to begin in early 2026, with the first units delivering in 2027. The four-story Allora Fallbrook will have a mix of one- and two-bedroom residences, surface parking and amenities including a pool, fitness center, clubhouse and outdoor gathering spaces.
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Courtesy of Michael Hsu Office of Architecture
Rendering of Greenside
MetroNational and Radom Capital announced the first round of tenants at Greenside, a 35K SF Memorial-area retail project slated for delivery in May. At 1085 Gessner Road, Greenside is an adaptive reuse project of a warehouse. It was designed by Michael Hsu Office of Architecture.
The first tenants include Honest Mary’s, a fast-casual restaurant that will occupy 2,349 SF. This will be Honest Mary’s second Houston location, and it is slated to open in the fall.
Hiatus Day Spa will occupy 4,509 SF. Reformer-based fitness company Solidcore will occupy 2,221 SF, and LeeMoo Health Bar will occupy 1,329 SF.
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Wood Partners broke ground on Alta Timberline, a 204-unit multifamily community in Tomball set to deliver in May 2027.
Seven three-story buildings will have a mix of one-, two- and three-bedroom layouts, plus one-bedroom layouts with a study. Amenities include a clubhouse, a pool, an outdoor kitchen area with gas grills, TV, fans and seating, two pickleball courts, a dog park, a pet spa, a business lounge, a social lounge, a fitness center and a coffee bar.
FINANCING
Marcus Millichap Capital Corp. secured construction financing for Mykawa Business Park, a 67K SF spec flex industrial development at the northwest corner of Mykawa Road and South Beltway 8.
MMCC worked on behalf of the owner to arrange 70% loan-to-cost financing from Texas Traditions Bank. Construction should commence in the second quarter.
Ford Roberts from Marcus Millichap Capital Corp.’s Houston office represented the borrower.