The Heights: MetroNational Buys M-K-T

In Houston, MetroNational, which owns the Memorial City mall and other properties in West Houston, has purchased M-K-T Heights, a 218,000-SF adaptive reuse development in The Heights.

Radom Capital and Triten Real Estate Partners will remain active partners in M-K-T, ensuring continuity of vision, leasing, and operations, MetroNational said.

“Acquiring M-K-T marks an exciting evolution of MetroNational’s strategy,” said Scooter Hicks, President of MetroNational. “This asset embodies our commitment to investing in best-in-class developments that are both fundamentally strong and deeply connected to the communities they serve.”

Completed in 2020, M-K-T transformed five 1970s industrial warehouse buildings into a multi-use destination near Shepherd Drive. Designed by the Michael Hsu Office of Architecture, the M-K-T has 100,000 SF of creative office space and over 100,000 SF of retail and dining.

A 2,000-linear-foot pedestrian boardwalk connects the property directly to the Heights Hike-and-Bike Trail, and the development carries a walk score of 69 and a bike score of 80, placing it well above Houston’s city averages of 48 and 49.

M-K-T has a mix of national and local tenants that reflects both the quality of the asset and the vitality of the surrounding community. The tenant roster includes lululemon, Sweetgreen, Mendocino Farms, Ray-Ban and La La Land Kind Café alongside celebrated local concepts such as Anjouil’s and Chloe Dao.

“The best projects are created by people who trust each other and love what they are building. We are fortunate to be building M-K-T’s next chapter alongside our friends at MetroNational and Triten, said Steve Radom, Managing Principal of Radom Capital. Together, we get to keep playing a part in shaping the neighborhood that gave us all so much.”

M-K-T Heights serves as a flagship example of this evolving strategy, demonstrating how MetroNational is scaling its platform through selective, aligned partnerships, MetroNational said.

“Our initial partnership was defined by a shared vision to bring to life a walkable, urban experience that honors its historic bones and creates something truly one of a kind. This next chapter is about building on that foundation to create durable lasting value and cement M-K-T’s place as a trophy asset,” said Scott Arnoldy, Managing Partner of Triten Real Estate Partners.

M-K-T shares distinct parallels with MetroNational’s Greenside development, located near the Katy Freeway, in both its adaptive reuse of industrial assets and its emphasis on connectivity, walkability and curated neighborhood-serving tenants. Like Greenside, M-K-T was conceived around the belief that great places are built not just with square footage, but with intention, MetroNational said.

Last year, MetroNational purchased the 309,144-SF retail component of the CityCentre multi-use development in West Houston. Developed by the Midway company, CityCentre, located at the southeast corner of Interstate 10 and Beltway 8, is a 47-acre pedestrian-oriented development that was named ULI Development of the Decade by the Urban Land Institute.

MetroNational’s portfolio spans office, multi-family, retail, restaurant, hospitality, and healthcare. Founded in 1954, the multi-generational, family-owned company oversees more than 10 million SF of commercial real estate assets, primarily located in Greater Houston. Its landmark asset, Memorial City, is a 300-acre multi-use development anchoring the Memorial District.