Investment sales

Flower Mound, Texas — Marcus & Millichap has brokered the sale of Long Prairie Plaza, a 17,107-square-foot retail center located in Flower Mound, roughly 25 miles northeast of Fort Worth. The center comprises two adjacent multi-tenant buildings constructed in 2022. Tenants at the property, which was fully leased at the time of sale, include Active Dental, TeaCupfuls, Fiore Nail Bar, Cold Stone Creamery, JDX Blinds, Zelene Head Spa, Degree Wellness and Donatos Pizza. Philip Levy and Chris Gainey of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, a Florida-based private capital investor, in the …

San Antonio — JLL Capital Markets has negotiated the sale of The Legacy, a 353,000-square-foot lifestyle center located in San Antonio. Barry Brown, Whitney Snell and Shea Petrick of JLL represented the seller, Santikos Real Estate Services. Rio Capital, in partnership with Triangle Capital Group, purchased the property. Built in 2006 on 32.2 acres, The Legacy features a mix of tenants such as Main Event Entertainment, Best Buy, Spec’s, Paul Mitchell and Buffalo Wild Wings. Along with ground-floor retail, the property includes second floor office space and five pad sites.

Katy, Texas — Phillips Edison & Co. has acquired Firethorne Plaza, a 29,986-square-foot retail strip center located in Katy, a western suburb of Houston. Ryan West and John Indelli of JLL represented the seller in the transaction. Situated at the entrance of the Firethorne master-planned community, the retail center was fully leased to 14 tenants at the time of sale. Retailers and restaurants at the property include Edward Jones, Pizza Hut, Tide Dry Cleaners, Fusion Wok, Café Petra, Evolve Fitness, EZ Floors and Eye Level Learning.