JLL completes leases of 13,525 square feet at M-K-T
Village Medical and Compass join growing list of tenants at Houston Heights mixed-use development
HOUSTON, April 6, 2021 – JLL is pleased to announce a new 7,430-square-foot lease for Village Medical, a primary healthcare provider, at mixed-use destination M-K-T in Building 5. Located within the Houston Heights area, M-K-T is a joint venture of Triten Real Estate Partners, Radom Capital LLC and Long Wharf Capital.
JLL’s Walker Pennington, Chris Wadley and Bryant Lach represented Village Medical. JLL also represented M-K-T regarding this lease.
According to the recent JLL Healthcare Real Estate Outlook report, it was found that retail centers are emerging as an attractive option for healthcare tenants as both retail and healthcare spaces share common demand drivers such as high traffic and high visibility locations with neighborhood proximity and parking access
Houston continues to be a thriving market for healthcare providers,” said Wadley. “Increasingly, we’re seeing a shift in the type of building in which healthcare tenants are looking to occupy at retail or repurposed properties.”
announcement follows a recent lease of 6,095-square-foot office space to Compass, a real estate technology company, located at Building 5. Joshua Meltzer and Jennifer Meehan of Savills represented the tenant, Compass.
An urban revival of five industrial buildings, totaling 200,000 square feet, located along Houston’s historic Heights Hike and Bike Trail, M-K-T offers over 100,000 square feet of office space. Office amenities include single-story spaces, direct walk-up access, 20-foot ceiling heights, abundant natural light, and brand-new dedicated HVAC units for each tenant space. On-site office employees and visitors can enjoy the on-site chef-driven restaurant concepts, boutique retail, wellness providers, and 4-acres of landscaped greenspace that provides a direct connection to nature.
Multiple office tenants are operating on site including XCL Resources and Miller Grossbard Advisors. Additional office tenants, SmartVault, Decode Digital and Aflac, will be officing on site this spring.
M-K-T’s list of open on-site retailers will be growing this Spring with the openings of Focus Refined Eye Care, DYI, Chloe Dao, Rakkan Ramen, Da Gama Canteen, Homestead Kitchen & Bar, and SMYL Dentistry.
For more information on JLL please visit: www.jll.com.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.