The overall upturn of the economy continues to improve with strong activity at Shadow Creek Ranch / Reserve at Shadow Creek, a mixed use development with freeway visibility located on the west side of Highway 288, with the northerly boundary of Shadow Creek Parkway and southerly boundary of FM 518, in Pearland. Located just 15 minutes southeast of Houston’s
central business district, Shadow Creek Ranch/Reserve at Shadow Creek has convenient access to downtown, the medical center, Hobby Airport, Greenway Plaza, and the Galleria.
Sam’s Club chose Shadow Creek Ranch / Reserve at Shadow Creek as the site for their new 136,000-square foot facility after a comprehensive search of the Pearland market. This acquisition closed in December 2011 and was part of a larger purchase of 32.13 acres. Construction is expected to commence this spring with the grand opening slated for October
2012. In conjunction with the sale to Sam’s Club, TGB Crosswell will be developing a 16,000-square foot retail center.
Allen Crosswell of TGB Crosswell and Brendan Lynch of CBRE brokered the transaction. TGB Crosswell is also in negotiations with developers for various uses including a possible assisted living complex, medical and office developments, several national multi-family unit developers, hotel developers, numerous mixed retail uses and restaurant pad users. With the close proximity of Beltway 8, commuters have access to various points in and around the city of Houston with relative ease. Discovery Bay Boulevard is one of the few south-bound access points along the new Highway 288 frontage road allowing for easy commutes. Business Center Drive, a thoroughfare, traverses the project by running parallel to Highway 288 enables better traffic flow.
For more information about the Sam’s Club transaction or Shadow Creek Ranch commercial development, contact Allen Crosswell, Partner, at ac@tgbcrosswell.com or phone at (713) 438-9507. For information on pad sites currently available in front of Shadow Creek Ranch Sam’s Club, contact Brad Lybrand at bl@tgbcrosswell.com or phone at (713)438-9516.