Premier Sprouts Farmers Market trades in Richmond, Texas

CHICAGO, Oct. 13, 2025 – JLL Capital Markets announced today that it has arranged the successful sale of a brand-new Sprouts Farmers Market in Richmond, Texas.

JLL worked on behalf of the seller, GBT Realty. The buyer was ExchangeRight, a DST operator based in Southern California. JRW Realty represented the buyer.

Sprouts Farmers Market is one of the largest and fastest growing speciality natural goods grocery store chains, on track to open 35 locations in 2025. With 130 approved locations in its pipeline and long-term plans to expand to 1,400 locations nationwide, Sprouts is full steam ahead as it continues its expansion – adding new stores and growing its private-label product assortment.

The Asset is positioned as an anchor to Waterview Town Center, a 134-acre retail development that is set to feature over one million square feet of retail space at full buildout. Located at the high-growth intersection of Grand Pkwy and Harlem Rd, the development offers direct visibility to 42,000 vehicles per day and access to Houston’s 7thtop-selling master-planned community, Aliana.

The new construction 23,256-square-foot grocery store is the seventh Sprouts location in the greater Houston area. Operating under a long-term net lease, Sprouts is well-positioned to serve one of Houston's fastest growing submarkets with an affluent residential base earning $134,000 in average household income.

JLL Capital Markets’ Net Lease team led the transaction.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Since 1987, GBT Realty has been involved with the acquisition, development, construction, leasing and management of over 45 million square feet of commercial development, representing over $8.5 billion in real estate. The company currently manages $1 billion of commercial assets with another $1.2 billion in the pipeline. GBT maintains a diversified real estate portfolio that is largely recession-resistant and well-positioned for future growth.

ExchangeRight is a vertically integrated real estate investment platform with more than $6.7 billion in assets under management diversified across over 1,300 properties and 26 million square feet throughout 47 states as of August 31, 2025. The company structures and manages net-leased portfolios of assets backed primarily by investment-grade corporations through its Essential Income REIT and 1031 DST portfolios that target secure capital, stable income and strategic exits. ExchangeRight focuses on necessity-based retail and healthcare industries and has historically met or exceeded investor projections since its inception.

JRW Realty is a commercial real estate brokerage firm that has closed over $6 billion in transactions across over 1,300 properties on behalf of its clients. JRW Realty’s team places special focus on due diligence, reviewing over 100 properties each week and only choosing to source for clients the best 1-2% according to their rigorous acquisition criteria. For more information, visit www.jrwrealty.com.