Village property changes management

By Jieya Wen     10/7/14 5:26pm

The Rice Management Company has hired Trademark Property Company to oversee asset and property management, leasing and repositioning of the Village Arcade in Rice Village. The Village Arcade, part of the Rice University endowment, is managed by the Rice Management Company, according to company president Allison Thacker (Baker ’96). 

“We have not made any decisions yet on plans for the Village Arcade, but we have hired Trademark to manage the property and help us plan for the long term,” Thacker said.

According to Trademark’s website, the company will improve the Village Arcade by enhancing streetscape, landscaping, storefronts and facades.

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“Additional Rice-owned property in the Village (approximately seven acres) is available for future mixed-use development,” the Trademark Property and Strategic vision overview stated.

Rice acquired the Village Arcade from its former owner, Weingarten Realty Investors, earlier this year. The Rice Management Company said they hope to have more specific plans for the Village Arcade in 2015.

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