Jacob Khotoveli Of JBL Asset Management Acquires 316000 Square Foot Retail Center In Conroe

Montgomery Plaza is a retail center located at 1408 North Loop 336 West in Conroe, with a total area of 316,000 square feet. The property is currently 94% leased to several national tenants, which include Academy Sports + Outdoors, O’Reilly Auto Parts, and Crunch Fitness. The transaction marks a significant acquisition within the Houston retail investment market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 1408 North Loop 336 West
• Market: Conroe
• Asset Size: 316,000 square feet
• Buyer: Jacob Khotoveli - JBL Asset Management
• Brokers: Ryan West & John Indelli - JLL

Jacob Khotoveli, representing JBL Asset Management, was involved in this acquisition, while Ryan West and John Indelli of JLL Capital Markets represented the seller. This transaction occurred amid a notable increase in retail investment in the Houston area, with reported sales volume reaching $2.7 billion in 2025.