August 24, 2020 (Houston) – Hartman Income REIT Management, Inc. (Hartman), a commercial real estate firm headquartered in Houston, Texas broke ground on a 7,500 square foot retail property at 17211 North Freeway in Houston, Texas this year.
The development is underway at the Houston shopping center Hartman acquired in 2013 with the retail anchor tenant, Floor and Décor. The 7,500 square foot retail development is expected to be completed in the fourth quarter of this year, according to the project’s general contractor, Dan Jones.
“17211 North Freeway retail project is a value-add investment for the shopping center, we expect the new retail space to attract a great amount of new shoppers to the center and are looking forward to welcoming future tenants to the space.”
The retail project was conceptually planned when the land was acquired with company growth in mind. Hartman focuses on purchasing commercial real estate properties that are underperforming and tackles the task of improving the properties, adding value and raising occupancy rates. At 17211 North Freeway, Hartman is doing just that with this new addition of a 7,500 square retail building.
Houston based, Stewart Consulting Services, designed the new building development that will tentatively include four individual retail suites, with one of the end suites providing drive-through capabilities for its future tenant. The building will cosmetically give a value-add look to the area as it will have a sleek brick and modern finish offering a positive refreshed look to the retail center. Located just south of the intersection of I-45 and FM 1960, the retail center will also boast the ability to easily shop, offer convenience, and will be a great addition to the extremely fast-growing area.
Hartman views this new land development as essential to the growth of the area. This development follows the recent opening of the new headquarters of Exxon Mobil located nearby. Significant developments such as Exxon Mobil’s have brought with them a massive growth in population and spike in people visiting the area for work or other leisurely activities. Hartman expects the new retail space to emphasize the rising desirability of the area and is hopeful to bring new businesses and unique upgrades to the Houston metroplex.
“The leasing team here at Hartman is excited to add this new development to the existing center that is the home of Floor and Décor. We hope to attract national tenants to drive traffic to the existing center and bring future growth opportunities to the area.” Says Katherine Morrison, Hartman’s regional Vice President of leasing.
Looking ahead, Hartman continues to expand at its properties, break ground on new projects and has numerous projects in the works related to retail, office, industrial, and flex space. In total, Hartman has over a hundred thousand square feet in the pipeline and looks forward to welcoming new and future tenants to the Hartman platform.
Hartman Income REIT Management, Inc. will be pre-leasing the available suites at this retail center. For more information on leasing at this location, please call 713-467-2222.
About Hartman: Hartman is a premier property management company in the Houston, Dallas and San Antonio markets. Hartman has owned and operated commercial office properties since 1983, offering premium office space at attractive rates. With more than 37 years of commercial leasing expertise in Houston, San Antonio and Dallas, Hartman knows exactly what their customers require. For more information, visit www.hi-reit.com.
Hartman Income REIT Management, Inc.