On behalf of Aliana Development Company, JLL today announced the firm has completed the sale of 15 acres of land zoned for retail development in Richmond, Texas. HEB purchased the asset, and has commenced construction on an upscale 102,000-square-foot HEB grocery store located at SH-99 and Harlem Road, in the Aliana master-planned community. Store opening is projected for the third quarter of 2016.
Senior Vice President Simmi Jaggi and Vice President Elizabeth Clampitt led the JLL team on the transaction.
“The 15-acre sale has drawn a significant amount of interest from retail users and developers seeking to capitalize on Aliana’s robust and growing community, as well as Aliana’s prime location and demographics, which support the need for additional retail,” said Simmi Jaggi. “The strong surrounding demographics will provide HEB Grocery Company, LP with excellent visibility and access from SH-99 and the demographics from the more than 4,200 homes at final build out.”
The Aliana master-planned community encompasses approximately 2,000 acres in Fort Bend County, one of the fastest growing counties in Texas. The 2015 estimated population within five miles of the master-planned community was in excess of 200,000.
Approximately 30 miles southwest of Houston’s Central Business District, Aliana has been named a Quality Planned Development by the West Houston Association. In 2015, John Burns Real Estate Consulting ranked Aliana seventeenth in the nation among master-planned communities. Also in 2015, MetroStudy ranked Aliana second among master-planned communities in the Houston area. Expanding residential development and demand from consumers in the area are expected to drive continued retail expansion in and around Aliana.