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Credit Tenants Go the Distance in The Woodlands

Mohr Capital has acquired a property for retail redevelopment in The Woodlands with a plan to raze the 7 Leguas Restaurant building and develop a freestanding Chipotle and Regions Bank branch.

Regions Bank The plan includes developing a freestanding structure consisting of a Regions Bank branch.

HOUSTON—Dallas-based Mohr Capital has expanded its acquisition efforts in the Houston metro area by acquiring a property for retail redevelopment in The Woodlands. The redevelopment plan includes razing the 7 Leguas Restaurant building, and developing a freestanding structure consisting of a Chipotle Mexican Grill restaurant and a Regions Bank branch office.

Chipotle is a publicly traded restaurant operator with approximately 2,700 US locations. Regions Bank, headquartered in Birmingham, AL, has approximately $2 billion of assets, including more than 3,000 retail branches and standalone ATMs. Both concepts are corporately guaranteed and operated.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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