JLL is pleased to offer the opportunity to acquire Deerbrook Marketplace, an institutionally owned and operated regional power center located in the heart of Northeast Houston at the intersection of I-59 and FM 1960. The property boasts a strong line up of national tenants and high visibility to over 174,000 vehicles per day. Currently 82.2% leased, the property provides buyers with the opportunity to add significant value via lease-up of highly desirable and historically well-leased vacancies. With over 2.5 million visiting shoppers in 2020, Deerbrook Marketplace is in the 91st percentile of Houston MSA shopping centers and represents a rare opportunity to acquire highly visible Class A real estate in a quality suburban location.
- 5.5 Years of in-place WALT
- Value-Add Opportunity at 82% Occupancy
- Diverse Rent Roll of National Retailers
- Highest Traffic Intersection in NE Houston with 174,000+ VPD