Mohr Capital, a Dallas-based, privately held real estate investment firm, has expanded its acquisition efforts in the Houston metro area by acquiring a property for retail redevelopment in The Woodlands.
The redevelopment plan includes razing the 7 Leguas Restaurant building and developing a freestanding structure consisting of a Chipotle Mexican Grill restaurant and a Regions Bank branch office. Chipotle is a publicly traded restaurant operator with approximately 2,700 locations throughout the United States. Regions Bank, headquartered in Birmingham, Alabama, has approximately $2 billion of assets, including more than 3,000 retail branches and standalone ATMs. Both concepts are corporately guaranteed and operated.
“We are pleased to be working with top tier concepts and helping to facilitate their expansion,” said Rob Solls, Director of Retail Investments & Acquisitions for Mohr Capital. “This is a prime example of how Mohr Capital is continuing to target best-in-class fundamental real estate, where we believe there is an opportunity to extract value.”
Solls handled the transaction for Mohr Capital.