Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SHENANDOAH, TX-The Houston office of the Dallas-based Weitzman Group has replaced Houston’s Boyd Page as the leasing agent for the 383,000-sf Portofino power center in Shenandoah, TX, situated due north of Houston.

Boyd Page did not return telephone calls before press time to comment on the assignment loss. The two-year-old Portofino consists of 355,000 sf of completed space and an under-construction 28,000-sf third phase. The center is 82% leased, David Stukalin, Weitzman’s Houston president, tells GlobeSt.com. He and associate Kirby Attwell will be handling the leasing. Portofino is owned by Dallas-based Today Realty Advisors.

Stukalin says the plan will be to revisit the local brokers and identify retailers seeking to enter the Houston market. He believes the center will have particular appeal to soft goods retailers, already a significant part of the Portofino’s tenant mix.

Stukalin says he also will draw on such strengths as the center’s proximity to the neighboring Woodlands Mall and Pinecroft 1 and 2 retail centers to help fill the 52,000 sf of empty inline space, carrying a quoted rate of about $24 per sf. The Portofino team also will be hawking three outparcels, which is bringing $27 per sf to $29 per sf.

Stukalin’s not talking about the dollars per sf that Portofino is now earning, but did point out that the center’s national and regional retailers are doing quite well. The tenant mix includes Old Navy, Oshman’s Supersports USA, Conn’s Appliances, SteinMart, Michaels and Lifeway Christian Stores. A Sam’s Club and Home Depot stores are adjacent to the center. Stukalin says the trade area for the center includes about 375,000 shoppers.

Weitzman has a reputation for bringing new faces to Houston. The firm steered the 42-store Texas entrance of Factory 2-U plus has brought such names as Conn’s, Simply Fashions, Bed, Bath & Beyond and the Children’s Lighthouse.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.