MetroNational

What MetroNational does

MetroNational is a privately-held, Houston-based real estate investment, development, and management firm founded in 1982. The company operates an integrated mixed-use platform centered on the Memorial City submarket in West Houston, where it owns and manages more than 3.1 million square feet of Class A office space across roughly a dozen LEED-certified buildings, 870+ multifamily residential units across five properties (The McCarthy, The McKinley, The McAdams, The Fountains, and Memorial City Apartments), two flagship hotels (Hotel ZaZa Memorial City and The Westin Memorial City) totaling 448 keys, and the 2.3-million-square-foot, 40-acre Memorial Hermann Memorial City Medical Center campus. MetroNational monetizes these assets through commercial leasing (direct in-house team led by an EVP and Directors of Office Leasing), hospitality operations (in partnership with Z Resorts for Hotel ZaZa), property management, and select third-party management arrangements.

The company's core technology stack is built around LEED-certified, WELL-certified, and Energy Star-recognized Class A and Class AA building stock with skywalk-linked campuses, rather than proprietary software. Recent product activity has been concentrated in adaptive reuse and mixed-use development: the 218,000 SF M-K-T Heights acquisition in the Historic Heights neighborhood (March 2026, JV with Radom Capital and Triten Real Estate Partners), the 35,000 SF Greenside adaptive reuse project at 1085 Gessner Road, and an $8.8 million Memorial City Mall redevelopment. The portfolio strategy increasingly extends beyond Memorial City into CityCentre and the Heights through joint ventures with co-developers Radom Capital, Triten, and Rockbridge (the latter for the 244-room Moran CityCentre hotel, May 2026), and via the October 2025 acquisition of the 309,144 SF CityCentre retail component.

MetroNational's go-to-market is enterprise field sales: leasing, property management, and corporate tenant relationships are handled by an internal team plus JV partners, with JLL Capital Markets engaged for large asset transactions. Pricing is not publicly disclosed, reflecting standard CRE practice of quote-based, negotiated lease economics. Major named tenants span energy and oil & gas (Air Liquide, Murphy Exploration, CNOOC, Cabot Oil & Gas, Waterbridge Resources), insurance (USI Insurance Services, Texas Mutual), automotive (Group 1 Automotive), healthcare (Memorial Hermann Healthcare System), banking (Trustmark Bank, Texas Regional Bank), and national retail/F&B (lululemon, Sweetgreen, Mendocino Farms), giving the portfolio diversified institutional anchors but with notable concentration in Houston-headquartered energy occupiers.

Name

MetroNational

Legal name

Metro National Corporation

Website

https://metronational.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

101–250 employees

Short description

MetroNational is a privately-held Houston real estate investment, development, and management firm operating an integrated mixed-use platform of 3.1M+ SF of Class A office, 870+ residential units, hotels, and a medical campus, primarily in Memorial City with expanding footprint into CityCentre and the Heights.

Ownership category

akta.pro rank

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales, Others

Revenue model

1. Commercial Real Estate Leasing: MetroNational generates revenue through leasing Class A office space, retail/restaurant space, and hospitality properties to commercial tenants. Properties include office buildings, hotels, multifamily residential, and retail spaces across the Houston market.
2. Hospitality Operations: Revenue from hotel operations including room rentals, food and beverage (Tipping Point Restaurant, 024 Grille), spa services (ZaSpa), and event/meeting space rentals at Hotel ZaZa and The Westin Memorial City.
3. Property Management: Management fees from operating owned and potentially third-party properties including office buildings, multifamily residential complexes, and medical facilities.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

MetroNational is a privately-held real estate investment, development, and management firm that owns and operates a diversified portfolio of Class A office properties (over 3.1 million square feet), luxury multifamily residential (approximately 870 units), hospitality properties (hotels), retail/restaurant space, and an integrated medical campus — all within master-planned mixed-use developments in the Houston, Texas market.

Product overview

MetroNational is a Houston-based real estate investment and development firm that operates a diversified portfolio of commercial and residential properties. The company's offerings span multiple real estate sectors: Class A office properties totaling over 3.1 million square feet; luxury multifamily residential including high-rise towers (The McKinley, The McCarthy) and midrise communities (The McAdams, The Fountains, Memorial City Apartments) totaling approximately 870 units; hospitality properties including Hotel ZaZa Memorial City (159 keys) and The Westin Memorial City (289 rooms) plus The Moran CityCentre hotel; healthcare through Memorial Hermann Memorial City Medical Center; and mixed-use developments including M-K-T Heights, Greenside, and CityCentre. The company focuses on the Greater Houston market with its primary base in Memorial City, while expanding into new submarkets through joint ventures and partnerships.

Differentiator

Problem solved

Functional benefit

Products and services

• Office Portfolio (Class A Office Properties) More than 3.1 million square feet of award-winning, LEED-certified, Class A office properties located primarily in the Memorial City development in Houston, Texas. Includes 10100 Katy Freeway, 920 Memorial City Way, 945 Bunker Hill, 9753 Katy Freeway, Air Liquide Center North, Air Liquide Center South, Memorial City Place, 990 Town & Country, Memorial City Plaza 1/2/3, Memorial Hermann Tower, and Murphy Building. Targeted at enterprise and mid-market corporate tenants.
• Hotel ZaZa Memorial City 159-key luxury boutique hotel featuring ZaSpa, Tipping Point Restaurant & Terrace, resort-style pool with cabanas, the Magnificent Seven Luxury Suites, a Grand Ballroom, Meeting Rooms, and 11,250 square feet of event and meeting spaces. Managed in partnership with Z Resorts and integrated with The McCarthy residential highrise above.
• The Westin Memorial City 289-room business-oriented hotel connected via skybridge network to Memorial City Mall and Memorial Hermann Memorial City Medical Center. Features 30,000 square feet of meeting/conference space, a roof-top infinity pool, WestinWORKOUT Gym, 024 Grille and Lounge, and a full-service Starbucks.
• The McCarthy Eight-level luxury high-rise apartment complex comprising 133 units situated atop Hotel ZaZa Memorial City, with a mix of studio, one-, and two-bedroom units ranging from 690 to 2,126 square feet. Features resort-style pool with outdoor kitchen, concierge services, wine storage, valet parking, and dog park. Residents have access to Hotel ZaZa amenities.
• The McKinley Memorial City 25-story luxury residential highrise with 278 units featuring one-, two-, and three-bedroom residences and penthouses located at 9757 Katy Freeway. Includes resort-style pool with cabanas, golf simulator, movie theater, chef's kitchen, state-of-the-art fitness center, dog park, bike storage, and resident horizon lounge with wine bar.
• The McAdams Memorial City Eight-floor, 333-unit luxury midrise apartment at 12000 Barryknoll Lane featuring rooftop infinity-edge pool with treetop views, club room, resident lounge, game room, fitness center, private rooftop pet park with pet wash and play area, and expansive gathering spaces. Units range from 563 to 1,821 square feet.
• The Fountains at Memorial City Thirteen-story luxury residential midrise comprising 114 units at 9870 Gaylord Drive, featuring opulent spa services, rooftop pool, upscale resident lounge, white-glove concierge service, and an advanced wellness center. Located in Houston's most affluent zip code. Managed by The Morgan Group.
• Memorial City Apartments 418-unit garden apartment complex located next to Memorial City Mall with covered parking. Within walking distance to mall, restaurants, entertainment attractions, and specialty shopping. Provides best-in-class management and maintenance service.
• M-K-T Heights 218,000-square-foot award-winning adaptive reuse development in Houston's Historic Heights neighborhood. Comprises five converted 1970s warehouses featuring approximately 100,000 SF of Class-A creative office space and over 100,000 SF of retail and dining. Includes a 2,000 SF boardwalk connecting to the Heights Hike-and-Bike Trail. Major tenants include lululemon, Sweetgreen, Mendocino Farms, Ray-Ban, and La La Land Kind Café. Completed 2020, designed by Michael Hsu Office of Architecture.
• Greenside Adaptive reuse development project transforming 35,000 square feet of warehouse space into a family-friendly community hub at 1085 Gessner Road in West Houston. First tenants include Honest Mary's, Leemoo, Hiatus, and [solidcore] — first-to-West Houston concepts in wellness and dining. Co-developed with Radom Capital.
• The Moran CityCentre 244-room independent lifestyle hotel property in Houston, Texas, acquired through joint venture with Rockbridge. Part of MetroNational's expanding hospitality portfolio. Transaction brokered by JLL Capital Markets.
• CityCentre Retail Component 309,144-square-foot open-air retail space component of Houston's CityCentre acquired by MetroNational in October 2025. Adds to MetroNational's existing portfolio including a nearby office tower, emphasizing long-term strategic growth in Houston's mixed-use developments.
• Memorial City Mall Major shopping center in MetroNational's Memorial City development, currently undergoing an $8.8 million redevelopment project starting May 2026 that includes interior renovations, partial demolition of the old Sears wing, and parking improvements. Completion expected April 2027.
• Memorial Hermann Memorial City Medical Center Advanced, award-winning medical center spanning over 40 acres and 2.3 million square feet. Houston's second-largest medical campus with more than 1,300 affiliated medical staff physicians, nearly 1,800 employees, and 444 licensed hospital beds. Includes Women's Memorial Hermann, Children's Memorial Hermann, Heart & Vascular Institute, and a Cancer Center. Operated by Memorial Hermann Healthcare System; located at 929 Gessner Rd.

Quantifiable outcome

• Top 5% ranking among U.S. hospitals for Memorial Hermann Memorial City Medical Center

Named customers15 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• RockbridgecoreStrategic or Co-development Partner · 5 May 2026Joint venture partner with MetroNational for acquisition of The Moran CityCentre hotel, a 244-room property in Houston. Rockbridge previously acquired Hotel ZaZa properties and brand in Dallas, Houston, and Austin. The partnership includes real estate of two CityCentre restaurants (Daily Gather and Yard House).
• JLL Capital MarketsminorChannel Partner/ Reseller/ Distributor · 4 May 2026JLL Capital Markets brokered the acquisition of The Moran CityCentre hotel by MetroNational and Rockbridge. JLL acted as the investment sales broker facilitating the transaction for the buyer partnership.
• Radom CapitalcoreStrategic or Co-development Partner · 30 March 2026Joint venture partner with MetroNational for M-K-T Heights acquisition in Houston's Historic Heights neighborhood. Radom Capital developed the original 218,000 SF adaptive reuse project and will remain as active partner in property operations and leasing. Also co-developing Greenside mixed-use project at 1085 Gessner Road in West Houston.
• Triten Real Estate PartnerscoreStrategic or Co-development Partner · 30 March 2026Joint venture partner with MetroNational for M-K-T Heights acquisition. Original developer Triten will continue as active partner in the 218,000 SF mixed-use adaptive reuse development featuring Class-A creative office and retail/dining space.
• Z ResortscoreStrategic or Co-development PartnerZ Resorts manages Hotel ZaZa Memorial City, a 159-key luxury boutique hotel that opened in December 2017. MetroNational partnered with Z Resorts to bring the Hotel ZaZa brand to Memorial City, combining business travel amenities with destination resort luxury.
• The Morgan GroupminorImplementation/ SI/ Consulting PartnerThe Morgan Group manages The Fountains at Memorial City, a 13-story, 114-unit luxury residential midrise property owned by MetroNational.
• Memorial Hermann Healthcare SystemcoreStrategic or Co-development PartnerMemorial Hermann Healthcare System operates the Memorial Hermann Memorial City Medical Center, spanning over 40 acres and 2.3 million square feet. MetroNational owns the Memorial Hermann Tower (33-story, 900,000 SF office building) and integrated medical campus, with Houston's second-largest medical campus on site.

Scale indicators10 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Hines: Houston-headquartered global real estate investment and development firm with deep mixed-use, master-planned, and trophy-office experience; the closest large-scale analogue given shared Houston base, vertically integrated platform, and Class A office focus.
• Howard Hughes Holdings: Master-planned community developer of The Woodlands, Bridgeland (Houston), Summerlin, and Downtown Columbia — directly comparable business model of large-scale mixed-use, vertically integrated communities with residential, office, retail, and hospitality components.
• Midway: Houston-based mixed-use developer behind East River, Kirby Grove, and other adaptive-reuse projects; comparable Houston focus and emphasis on adaptive-reuse / mixed-use masterplans.
• Patrinely Group: Houston-based commercial real estate investment and development firm focused on Class A office and mixed-use projects; overlapping customer base of enterprise tenants in Houston's western submarkets.
• Stream Realty Partners: Dallas/Houston-based commercial real estate services and investment firm offering leasing, management, and development across office, industrial, and mixed-use — comparable Houston presence and tenant overlap with energy/enterprise customers.
• Transwestern: Commercial real estate firm with significant Houston presence spanning investment, development, leasing, and property management of Class A office assets — comparable tenant mix and Houston submarket focus.

Broad incumbents

• Trammell Crow Company: One of the largest commercial real estate developers in the U.S. with a national industrial/office/mixed-use platform; a broader-portfolio incumbent with overlapping Class A office capabilities but a national vs. Houston-centric mandate.
• Brookfield Properties: Globally diversified real estate owner/developer of mixed-use and office product across major North American markets; large-scale incumbent with overlapping trophy office and adaptive-reuse strategies at much larger scale.
• Vornado Realty Trust: Public office-focused REIT concentrated in NYC and select trophy-asset markets; comparable Class A office operator/experience but with a different (public REIT) capital structure and singular office focus.

Others

• JLL: Global commercial real estate services and investment-banking firm that brokered The Moran acquisition for MetroNational — adjacent capital-markets counterparty rather than direct competitor, but materially relevant as a transaction ecosystem participant.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/memorialcitymall
• LinkedInlinkedin.com/company/metronational
• Instagraminstagram.com/metronational
• Xx.com/MemCityMall

Compliance24 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MetroNational