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News release

HOUSTON, TX

JLL Negotiates Sale of Shadow Creek Marketplace in Pearland, Texas


HOUSTON, November 30, 2015 – On behalf of Gulf Coast Commercial Group, JLL Capital Markets experts today announced the firm has negotiated the sale of Shadow Creek Marketplace, a 42,332-square-foot retail center situated on 20.5 acres, located at 11005 Shadow Creek Parkway in Pearland, Texas.  Managing Director George Cushing, Senior Vice President Wendy Vandeventer and Associate Meaghan Gallacher led the JLL team on the transaction.  Peggy Rougeaou with Tarantino Properties represented the buyer. 

The property was completed in 2009 and is shadow-anchored by a 100,000-square-foot Kroger Signature grocery store.  Tenants include national retailers Subway, Little Caesar’s, Cricket Wireless, Sport Clips and Nationwide Insurance. The center is approximately 94 percent leased, with 2,604 square feet available for occupancy. 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2014 alone, JLL Capital Markets completed $118 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 1,700 specialists, operating all over the globe.

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About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.​