HOUSTON, TX – April 25, 2023 – Gulf Coast Commercial Group, Inc, an established, Houston-based firm specializing in retail development, management and leasing, has executed a 2,500-square-foot retail lease for Australian-born fitness concept F45 and a 41,382-square-foot ground lease with 5Point Credit Union at Magnolia Village. The much-anticipated mixed-use project is currently under construction in northwest Houston and will ultimately span 60 acres at FM 1488 and Spur 149 – a key Magnolia area growth corridor. The news comes as vertical elements of the 36-acre, first phase are well underway to accommodate projected debuts towards the middle of the year.

F45 was represented by Lance P. Loker, and the landlord by Gulf Coast Commercial Group leasing associate Brad Kilbride. Jon Kantalis of Andronis Realty, LLC represented 5Point Credit Union, and Gulf Coast Commercial Group VP-Leasing Danny Miller represented Magnolia Village.

F45 – slated to open this July –  and 5Point Credit Union, which anticipates unveiling their new building in September 2023, will join businesses including Crust Pizza Co., Pacific Dental Services, Taco Bell McDonald’s, Mister Car Wash, Sport Clips Haircuts and Nails of America.

A global fitness brand, F45 has earned a loyal and committed following for its 45 signature workout classes and 5,000 exercises. The company recently appointed Gunnar Peterson, who has worked with high profile clients ranging from Tom Brady and the Kardashians to the Los Angeles Lakers, to the role of Chief of Athletics. The programming is geared towards everyday movement and incorporates high- intensity interval training (HIIT), circuit training and functional training components.

Committed to the same honest values and real service since its founding in 1935, 5Point was born as a credit union intended to support the men and women who worked for The Texas Company (and alter Texaco). What started as a small community endeavor with 57 members and $247 in total savings has grown into one of the largest independent, not-for-profit financial institutions in Southeast Texas.

Magnolia Village phase one construction will incorporate three retail buildings totaling 10,000 square feet each on the hard corner – and just to the east, multiple single tenant pad buildings fronting FM 1488 – as well as 300 multifamily units on nearly 12 acres developed by Trammel Crow Residential. Two additional 10,000-square-foot retail buildings fronting Spur 149 are also in the planning stages, along with a restaurant row with three pads focusing on full-service offerings.

Founded in 1999, Gulf Coast Commercial Group, Inc. and its affiliates have overseen the development of more than eight million square feet of retail space in twelve states.

To read the article published in the Houston Chronicle, click here

To read the article published in the Community Impact, click here

To read the article published in the Houston Business Journal, click here