Power center with national tenants trades in Conroe

HOUSTON, March 9, 2026 –  JLL Capital Markets announced today that it has secured the sale of Montgomery Plaza, a 315,708-square-foot power center located at the hard corner of Interstate 45 and Loop 336 in Conroe, Texas.

JLL represented the seller. The buyer was JBL Asset Management.

Montgomery Plaza is strategically positioned along two major thoroughfares, offering excellent visibility and accessibility in one of the Houston area's fastest-growing submarkets. The property attracts over 2.2 million annual visits and is ranked in the top 80% of shopping centers across Texas.

The power center is 94.3% occupied and features a premier lineup of essential and e-commerce resistant tenants, including Academy Sports + Outdoors, O'Reilly's Auto, Crunch Fitness, Spec's Liquor, Petco and Dollar Tree. The property also features five multi and single tenant pad sites, providing additional value-creation opportunities and optionality for the new owner.

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Director Ryan West and Senior Director John Indelli.

"Montgomery Plaza represented an exceptional opportunity to acquire an established power center with strong national tenancy in one of Texas' fastest-growing markets," said West. "The property's prime location at the intersection of two major thoroughfares, combined with Conroe's outstanding demographic growth, made it highly attractive to investors."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

JBL Asset Management is a privately held commercial real estate company specializing in retail shopping center acquisitions, management and development. Founded in 2005 by Jacob Khotoveli, the South Florida-based firm invests private capital on behalf of itself and its investment partners across major metropolitan areas in the eastern United States. JBL's portfolio currently exceeds four million square feet of real estate.