Summit Real Estate Group is pleased to announce that Concentra Health Services, based in Addison, Texas, has leased 6,075 square feet at North Junction Plaza in north Houston, Texas. The 110,115 square foot shopping center, anchored by PetSmart and Chuck E. Cheese, was acquired Q2 2015 on behalf of Summit’s Arrowrock Income & Growth Fund II (AIGF II).
Concentra, a division of Select Medical, is a national health care company that through its affiliated clinicians, provides occupational medicine, urgent care, physical therapy, and wellness services from more than 520 medical centers in 44 states. In addition to these medical center locations, Concentra services employers by providing a broad range of health services and operating more than 140 onsite medical facilities. Concentra chose to locate at North Junction Plaza because of the shopping center’s strategic location and its interstate visibility at I-45 and FM-1960.
The Concentra lease follows two new leases, a pharmacy for 2,000 square feet and a hobby store for 3,200 square feet, executed Q4 2020.
Since acquisition, Summit has executed its business plan to include extensive exterior improvements to roof systems and signage, interior upgrades and repositioning, and junior box repositioning, leasing, and lease extensions.