Premier lifestyle center trades hands in The Woodlands

HOUSTON, Jan. 28, 2026 –  JLL Capital Markets announced today that it has arranged the successful sale and acquisition financing of Creekside Village Green, a 98% leased, 74,615-square-foot lifestyle center located in the flourishing Houston suburb of The Woodlands, Texas.

JLL represented the seller, Kobalt Investment Company, in the sale of the property to Phillips Edison & Company.

Creekside Park Village Green is strategically located at 26400 Kuykendahl Road in The Woodlands. The property is shadow anchored by a high-performance H-E-B grocery store which drives strong and recurring foot traffic.

"The amount of capital flowing into the retail sector is accelerating with retail being re-rated by investors – meaning its being underwritten as a durable, income producing asset class with upside," said John Indelli, Senior Director, Capital Markets at JLL. "The property's quality, strong cash flow and upside potential made it an attractive investment for Phillips Edison & Company."

"With its strategic location shadow-anchored by H-E-B and serving The Woodlands' affluent demographic, this asset offers both secure cash flow and growth opportunities," added Adam Howells, Senior Managing Director at JLL. "The 5.9-year weighted average lease term provides stability while the below-market rents present meaningful upside potential."

The property serves an affluent trade area with an average household income of $227,125 within a one-mile radius. Built in 2014 by The Woodlands Development Company (subsidiary of The Howard Hughes Corporation), the lifestyle center sits on 6.4 acres and features a diverse tenant mix of credit and national retailers.

The property contains a second story with retail tenancy including medical retail. This part of Creekside Park Village Green has seen significant leasing demand driven by the newly constructed Houston Methodist building next door.  

JLL Capital Markets' Investment Sales and Advisory team was led by Senior Director John Indelli, Senior Managing Directors Adam Howells and Ryan West and Analyst Dawson Hastings.

The Woodlands is a 28,500-acre master-planned community ranked as the No. 1 master-planned community in the United States. Located 27 miles north of Houston and 20 minutes from George Bush Intercontinental Airport, the area is home to over 70,000 employees across 2,200 businesses and features a renowned medical hub anchored by five premier hospitals.

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.

Kobalt Investment Company is a private real estate investment firm specializing in retail properties, with partners who collectively bring more than 75 years of combined experience and have successfully closed transactions exceeding $5 billion. The company focuses on acquiring properties in high-growth urban and suburban markets, creating value through accretive leasing and strategic redevelopment. Kobalt provides commercial real estate investment opportunities for institutional partners as well as high-net-worth clients, family offices and individuals.

Phillips Edison & Company (Nasdaq: PECO) is a fully integrated retail real estate company that has specialized in grocery-anchored shopping centers since 1991, with a national portfolio and corporate offices in Cincinnati, Park City and Atlanta. Led by a veteran management team, the company provides comprehensive retail services including acquisition, redevelopment, leasing and management through its in-house operating platform designed to optimize property value and deliver superior shopping experiences.

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 $23.4 billion and operations in over 80 countries around the world, our more than 113,000 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 WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.