Trademark Property Company Engaged by MetroNational for Memorial City Mall Redevelopment Master Plan
HOUSTON (May 16, 2019) – Trademark Property Company, the Fort Worth, Texas-based retail and mixed-use developer, investor and institutional services firm, has been hired by MetroNational to lead planning efforts for the redevelopment of west Houston’s Memorial City Mall, the 1.7-million-square-foot super regional shopping center.
Trademark will develop a plan that re-envisions Memorial City Mall as an integrated, vibrant component of the entire 265-acre Memorial City campus. Redevelopment initiatives will include, but not be limited to, reimagining the south side of the mall, which has now become a major opportunity with the closing of Sears. The goal of the project is to create a one-of-a-kind experience for shoppers and visitors through additional public spaces, increased walkability, more best-in-class retail, restaurants and entertainment uses, curated mixed-use, and a master plan for the next 50 years and beyond.
“We will be working closely with the Johnson family and other stakeholders in the community over the next 12 months to develop an actionable plan for taking Memorial City Mall to the next level,” said Tommy Miller, Managing Director and Chief Investment Officer, Trademark Property Company. “This strategic property is poised to enhance its position as the market dominant shopping destination in west Houston for many decades to come.”
Developed and owned by Houston-based MetroNational, Memorial City is located along the I-10 corridor just inside Beltway 8. The premier mixed-use development currently has 9-million-square-feet of developed real estate, including Memorial City Mall, 3.1-million-square-feet of Class A office space, multi-family units comprised of highrise, midrise, and garden apartments, The Westin Memorial City and Hotel ZaZa Memorial City, and the Memorial Hermann Memorial City Medical Center.
“MetroNational is excited to collaborate with Trademark to deliver a best of class development that will transform Memorial City Mall,” said Jason Johnson, President of MetroNational. “With Trademark’s expertise in mixed-use developments and MetroNational’s six decades of experience in west Houston, the end result will be spectacular and undoubtedly benefit the community for generations to come.”
Trademark’s retail and mixed-used experience spans several notable redevelopment and development projects, including Rice Village and Market Street – The Woodlands in the Houston area, South Victory and Galleria Dallas in Dallas, WestBend and Waterside in Fort Worth, TX, La Palmera in Corpus Christi, TX, Annapolis Towne Centre in Annapolis, MD, First Street Napa in Napa, CA, and Saddle Creek in Germantown, TN, among others.
“If you don’t embrace and capitalize on the paradigm shifts occurring in the retail and shopping center world today, you are losing ground fast,” said Terry Montesi, CEO, Trademark Property Company. “This is an evolving legacy asset, and MetroNational and Trademark are thrilled to partner in its transformation.”
About Trademark Property Company
Trademark Property Company is a full-service real estate firm focused on investments, development and institutional services of experiential, mixed-use and daily needs properties. In over 27 years of business, Fort Worth, Texas-based Trademark has invested in, developed or redeveloped 14.7 million square feet of retail and mixed-use assets worth $2.5 billion. Trademark’s experienced team of 160 employees is currently responsible for a 17-property portfolio totaling approximately 9.1 million square feet of retail and mixed-use projects across the country. A leader in navigating the changing retail landscape, Trademark’s purpose is to be extraordinary stewards, enhance communities and enrich lives. For more information, visit www.trademarkproperty.com or interact on Facebook, Twitter and Instagram.
MetroNational is a privately-held real estate investment, development, and management company headquartered in Houston, Texas. Each MetroNational property, spanning office, retail, restaurant, hospitality and healthcare, fully integrates MetroNational’s best-of-class services, providing the highest quality and enduring value. The company, which was founded in 1954, owns and manages more than 9.9 million square feet of commercial real estate properties primarily located in Greater Houston. MetroNational’s largest development is Memorial City located in West Houston. For more information, visit www.metronational.com.
About Memorial City
Memorial City, the city within a city, is a 265-acre mixed-used development located in the heart of thriving West Houston. Owned and managed by MetroNational, Memorial City contains 9 million square feet of developed real estate incorporating a blend of Class A office space; retail including Memorial City Mall; luxury midrise apartments; chef-inspired restaurants; upscale hotel accommodations including The Westin Memorial City and Hotel ZaZa Memorial City; the Memorial Hermann Memorial City Medical Center, the second largest medical campus in the Houston Metropolitan area; and The Square and The Lawn at Memorial City, two state-of-the-art green space for events, concerts and festivals. For more information, visit www.memorialcity.com.