JBL Asset Management purchased the 315,708-square-foot Montgomery Plaza at the northwestern corner of Interstate 45 and Loop 336 in Conroe from American National Insurance Co.
The Houston Business Journal reports that the Montgomery Plaza was built in 1981 and renovated in 1993. It is more than 94% occupied, with major tenants including Academy Sports + Outdoors, O’Reilly’s Auto, Crunch Fitness, Spec’s Wine, Spirits & Finer Foods, Petco, and Dollar Tree.
For JBL, this is its sixth retail center in Greater Houston.
Conroe was Houston’s fastest-growing suburb in 2025 and ranked No. 20 in growth nationwide, based on the number of people who rented U-Haul trucks to move between cities. The fast growth even led to the city of Conroe imposing a building moratorium that lasted from August 2024 to August 2025.
JBL owns and manages properties in Florida, Georgia and Texas.
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