Developer Purchases Large Tract of Land in Richmond, TX

CITY BIZ LIST

JLL today announced that CJ Development has completed the purchase of 42.67 acres at Grand Parkway Hwy 99 and West Bellfort Street in Richmond, Texas. The acreage, which will be combined with an already-purchased 15 adjacent acres, is set to be developed into a commercial shopping center and marketed to retail, restaurant, medical, fitness, and other business enterprises.

The new development, named Grand Center at Long Meadow Farms, totals approximately 58 acres and will feature a 46,000-square-foot two-story retail center, which the company will offer for lease. Other tracts will be sold under fee-simple terms offering the variety of users a competitive advantage to own their own property and design and construct their own building.

“As one of the fastest growing areas in the state, Fort Bend County is a great location with many business opportunities,” said CJ Development Partner John Vassallo. “We’re excited about the prospects for Long Meadow Crossing and look forward to curating a great service for the residents of this community.”

The developer will install roads and offsite detention, as well as fully looped utilities in coordination with the municipal utility district.

Tenants set to occupy space at the Grand Center to date include Members Choice Credit Union, Spring Creek BBQ, Pet Suites, Service First and Seven-Eleven.

JLL’s Chris Bergmann Jr. represented the undisclosed seller. Buyer CJ Development was represented by Alan Chodrow of Chodrow Realty Advisors. Newquest Properties’ Ashley Strickland and Nick Ramsey are handling leasing and sales for Long Meadow Farms.