100
HOUSTON — Tennessee-based developer GBT Realty Corp. will develop The Shoppes of Kemah, a $16 million, 79,000-square-foot retail center that will be located along Deke Slayton Highway near State Route 146 in Houston. GBT acquired the 11.7 acres on which the center will be situated from Kemah Marketplace LP in mid-May for roughly $2.1 million. Shadow-anchored by Walmart, the center is 92 percent preleased to tenants such as Petco, Marshall’s, ULTA Beauty and Rack Room Shoes.