Skip to main content
Spotlight

Retail

Size

10 properties

Value

120 deals executed, 15% of square feet leased, $10 increase in base rents per square foot

The harmony of brand names and authentic local experience

Poag Development Group understands that, in a retail setting, consumers now place experience, authenticity and local community connection on equal footing with established national brand names. To successfully bring both to LaCenterra, Poag turned to JLL to help bring its vision to life.

Poag sought to capitalize on JLL’s market depth, which has provided access to local retailers—an important way to demonstrate that Poag property experiences always feel personal.

In just 12 months, new LaCenterra leases totaled 20,367 square feet, lifting occupancy by 2%. Nationally recognized names like Warby Parker, IKEA and lululemon now complement local retailers with strong community ties. That includes Two Tarts’ Toppers, a unique business owned by a local Katy High School graduate, where shoppers can find hats adorned with artifacts transformed into works of art.

After a busy day of shopping, the flavors of local culinary favorites like Postino and PUCCI Café. delight shoppers in a dog-friendly setting.

Smooth and sustainable operations

As property managers, JLL helped Poag continue to elevate LaCenterra hospitality-minded staffing. The result is a high level of service that keeps shoppers coming back. The property’s Google rating is an impressive 4.6.

Sustainability is an important focus for the management team at LaCenterra, and JLL’s sustainability experts have worked closely with Poag to put an effective and actionable plan in place. Notably, a new long-term lease with Tesla has brought 18 Tesla and universal EV charging stations to the property.

LaCenterra has achieved the Institute of Real Estate Management (IREM) designation as a Certified Sustainable Property as a direct result of the team’s environmentally focused approach.

“It's not an accident that all of a sudden our growth has started accelerating. Being able to trust the JLL team to handle the day-to-day has allowed us to focus on the growth of our business to broaden our lead as the developer of choice of experiential retail in the country.”

- Josh Poag, CEO, Poag Development Group