X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

THE WOODLANDS, TX-Shelby Estus Realty Group Inc. has wrapped up construction on its 60th Eckerd store, a 13,908-sf location at the north side of College Park Drive and Interstate 45 in the Woodlands.

About five months ago, the firm purchased a two-acre tract from the Woodlands Operating Co. LP for a fifth Eckerd’s location in the 27,000-acre master-planned community. Tom Estus, principal with Houston-based Shelby Estus, tells GlobeSt.com that Eckerd signed a 20-year lease for the build-to-suit. The grand opening will be held within 30 days.

Shelby Estus does traditional brokerage work, but Eckerd development has been a major part of its business in recent years, says the firm’s principal. Some of the 60 stores in the firm’s portfolio have come to market because, Estus points out, interest rates are low and the general investment climate to sell is good. He says he’s undecided if he’ll part with the new Woodlands location because the site is particularly good–in front of a Lowe’s Home Improvement Warehouse and near a Kohl’s and Wal-Mart Supercenter.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.