Marvin Ellison Of Lowe's Leases 94000 Square Feet At Manvel Town Center With Weitzman As Landlord
Building Size
94,000 SF
Asset Type
Retail
Closing
Jan 29, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at SH-288 & SH-6 in Manvel. The size of the asset is 94,000 square feet, and it is situated within a 273-acre retail and restaurant development south of Houston.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: SH-288 & SH-6
- Market: Manvel
- Landlord: Weitzman
- Tenant: Marvin Ellison - Lowe's
- Total Development Size: 1 million square feet
- Co-anchor: HEB
- Other Tenants: Chipotle, Whataburger, Verizon, Memorial Hermann-GoHealth Urgent Care
In this deal, the tenant, Marvin Ellison, represents Lowe's in establishing a new store at the Manvel Town Center, which will function alongside HEB as a co-anchor for the retail development.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93