News release

Houston retails center trades hands

JLL Capital Markets closed the sale of the 13,877-square-foot Garden Oaks Shopping Center in Houston, Texas on behalf of Fifth Corner

January 04, 2024

Jenna Sharp

Capital Markets PR
+1 214 438 6450

HOUSTON, Jan. 4, 2024 –  JLL Capital Markets represented the seller, Fifth Corner, and Meredith Cullen and David Cook with Cushman and Wakefield represented the buyer, in the sale of Garden Oaks Shopping Center, a 13,877-square-foot retail strip center located at the northeast corner of Shepherd Road and 34th Street in Houston, Texas.

Originally developed in 1950 and extensively renovated, the fully leased property is occupied by Upside Pub, Pinks Pizza, Village Liquor, Community Vet and Molly’s Mutt House. The property features a strong tenant lineup, which provides essential goods and services to the fast growing nearby population.

Situated at the intersection of N. Shepherd Road and 34th Street, Garden Oaks Shopping Center is well positioned just north of Interstate-610, benefiting from its daily traffic counts of over 230,000 vehicles per day. The surrounding neighborhood, Garden Oaks/Oak Forest, includes high-end single-family housing, multi-housing developments and an ever-growing restaurant and entertainment scene. Within a five-mile radius is a population of 569,333 residents and an average household income of $110,800. Conveniently located, Garden Oaks/Oak Forest provides excellent access to Houston’s major employment hubs with a 12-minute drive to Downtown, an 11-minute drive to the Uptown/Galleria area and a 16-minute drive to the Texas Medical Center.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Ryan West, Senior Director John Indelli and Analyst Clay Andersen.

“Garden Oaks Shopping Center is well-established, and assets of this quality and location rarely become available,” Indelli said. “While Garden Oaks Center was ultimately acquired by a local group, there is significant institutional capital forming that will chase unanchored strip-center retail assets.”

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 investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Fifth Corner

Fifth Corner is a Houston-based real estate company investing in and creating value on community-focused Irreplaceable Corners™ located in the fastest growing metros. The real estate strategy and culture are time-tested and refined over 30 years to create value for the properties, investors, and communities.