Sale of Shops at Fry & Tuckerton in Cypress, Texas secured

AUSTIN, March 3, 2026 –  JLL Capital Markets announced today that it has arranged the sale of Shops at Fry & Tuckerton, a 39,912-square-foot, newly constructed retail development in Cypress, Texas.

JLL worked on behalf of the seller, Gulf Coast Commercial Group.

The Shops at Fry & Tuckerton consists of three multi-tenant retail buildings totalling 39,912 square feet, located at the signalized intersection of Fry Road and Tuckerton Road. The property is positioned at the entrance of Bridgeland, a master-planned community with 21,000 residential lots covering 11,500 acres.

The development is fully leased across its three buildings, with 50% of the tenant mix being national franchises including Five Guys, Einstein's Bagels, VIA 313 and Charley's Cheesesteaks. The property benefits from a weighted average lease term of 9.2 years across all buildings.

The retail center serves multiple affluent master-planned communities in the Cypress submarket, including Bridgeland, Cypress Creek Lake, Towne Lake and Blackhorse Ranch,. The immediate trade area boasts exceptional demographics with an average household income of $225,000 within a one-mile radius.

Cypress continues to experience significant population growth, with the one-mile radius around the property growing from 1,756 residents in 2010 to a projected 18,107 by 2030. The area has attracted substantial multifamily development, with over 1,500 units delivered in a five-mile radius since 2024.

The Shops at Fry & Tuckerton benefit from high traffic counts with Fry Road generating 28,613 vehicles per day and Tuckerton Road generating 10,217 vehicles per day. The development is adjacent to a top-performing H-E-B grocery store that drives 2.2 million annual visitors to the area.

JLL Capital Market’s Investment Sales and Advisory team was led by Senior Managing Director Ryan West and Senior Directors John Indelli and Michael King.

"This transaction demonstrates the continued investor appetite for high-quality, newly constructed retail assets in growing suburban markets," said West. "The property's strong tenant roster, long-term lease profile and position within Houston's premier master-planned communities made it an attractive acquisition for institutional capital."

The Cypress submarket, part of Houston's northwest growth corridor, has established itself as a premier destination for families and businesses seeking suburban amenities with urban accessibility. Bridgeland was ranked as the fifth best-selling master-planned community nationally in 2024.

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.

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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.

Founded in 1999, Gulf Coast Commercial Group is a Houston-based real estate development, management and leasing company that has overseen the development of more than eight million square feet of retail space spanning 35 cities and 12 states. The firm's nearly 100 projects include approximately one million square feet of grocery-anchored retail centers and 63 build-to-suit stores for major brands including Academy Sports + Outdoors, Best Buy, Michaels, Panera Bread and Walgreens.