Plans to develop mixed-use commercial Grand Center at Long Meadow Farms
JLL today announced that CJ Development has completed the purchase of 42.67 acres at Grand Parkway Hwy 99 and West Bellfort Street in Richmond, Texas. The acreage, which will be combined with an already-purchased 15 adjacent acres, is set to be developed into a commercial shopping center and marketed to retail, restaurant, medical, fitness, and other business enterprises.
The new development, named Grand Center at Long Meadow Farms, totals approximately 58 acres and will feature a 46,000-square-foot two-story retail center, which the company will offer for lease. Other tracts will be sold under fee-simple terms offering the variety of users a competitive advantage to own their own property and design and construct their own building.
“As one of the fastest growing areas in the state, Fort Bend County is a great location with many business opportunities,” said CJ Development Partner John Vassallo. “We’re excited about the prospects for Long Meadow Crossing and look forward to curating a great service for the residents of this community.”
The developer will install roads and offsite detention, as well as fully looped utilities in coordination with the municipal utility district.
Tenants set to occupy space at the Grand Center to date include Members Choice Credit Union, Spring Creek BBQ, Pet Suites, Service First and Seven-Eleven.
JLL’s Chris Bergmann Jr. represented the undisclosed seller. Buyer CJ Development was represented by Alan Chodrow of Chodrow Realty Advisors. Newquest Properties’ Ashley Strickland and Nick Ramsey are handling leasing and sales for Long Meadow Farms.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
