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News release

HOUSTON, TX

Aliana lands new HEB Grocery Store

JLL completes sale of 15-acre retail parcel in Richmond, Texas


HOUSTON, April 7, 2016 – On behalf of Aliana Development Company, JLL today announced the firm has completed the sale of 15 acres of land zoned for retail development in Richmond, Texas. HEB purchased the asset, and has commenced construction on an upscale 102,000-square-foot HEB grocery store located at SH-99 and Harlem Road, in the Aliana master-planned community. Store opening is projected for the third quarter of 2016. 

Senior Vice President Simmi Jaggi and Vice President Elizabeth Clampitt led the JLL team on the transaction.

“The 15-acre sale has drawn a significant amount of interest from retail users and developers seeking to capitalize on Aliana’s robust and growing community, as well as Aliana’s prime location and demographics, which support the need for additional retail,” said Simmi Jaggi. “The strong surrounding demographics will provide HEB Grocery Company, LP with excellent visibility and access from SH-99 and the demographics from the more than 4,200 homes at final build out.”

The Aliana master-planned community encompasses approximately 2,000 acres in Fort Bend County, one of the fastest growing counties in Texas. The 2015 estimated population within five miles of the master-planned community was in excess of 200,000.

Approximately 30 miles southwest of Houston’s Central Business District, Aliana has been named a Quality Planned Development by the West Houston Association. In 2015, John Burns Real Estate Consulting ranked Aliana seventeenth in the nation among master-planned communities. Also in 2015, MetroStudy ranked Aliana second among master-planned communities in the Houston area. Expanding residential development and demand from consumers in the area are expected to drive continued retail expansion in and around Aliana. 

JLL’s retail experts partner with retailers, investors and owner/operators with an extensive team of dedicated experts around the world. They understand the inherent complexities and variability associated with both the retail industry and increasingly complex capital markets. JLL’s specialists are recognized for their independent and expert advice to clients, backed by industry-leading research that delivers maximum value. With leading in-depth knowledge of the local, regional and global market dynamics, JLL aims to truly partner with its clients for the entire lifecycle of an asset or lease. Its experts deliver clients maximum value to support and shape their investment, site selection and brand strategies.   

JLL is the largest third-party retail property manager in the United States with more than 1,000 centers, totaling 125 million square feet under management. The firm has more than 140 retail brokerage experts spanning more than 30 major markets, representing more than 900 retail clients. In 2015, JLL’s retail experts completed transaction management and portfolio optimization on 1,500+ leases, negotiated 500+ leases for retailers and 1,000+ leases for landlords and completed more than $2.7 billion of investment sales, dispositions and financing for investors. For more news, videos and research from JLL’s Retail Group please visit: www.jllretail.com.

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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 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.

About Aliana
Aliana is one of the largest and fastest growing master-planned communities in Fort Bend County. The award-winning 2,000-acre community is located west of Houston on the Grand Parkway between U.S. Highway 59 and Interstate-10. Community amenities include The Club at Aliana – a fitness and recreation clubhouse with a state-of-the-art swim center, 24-hour fitness facility, tennis court and more. Residents also enjoy miles of parks and trails landscaped with native flora and students attend the highly rate For Bend Independent School District. For more information, visit www.AlianaHouston.com.