Houston — Whitestone REIT is underway with the redevelopment of Lion Square, a 117,592-square-foot shopping center located in Southwest Houston’s Asiatown District at the intersection of Bellaire Boulevard and Wilcrest Drive. Michael Hsu Office of Architecture is upgrading the property’s design with traditional Chinese and Vietnamese architectural influences, with plans to transform the center into a cultural hub that will serve the city’s expansive Asian community. The property will include greenery, sustainable irrigation systems, security and lighting enhancements and a focus on improving the center’s walkability. Asian grocer Sun Wing Supermarket …
Fort Worth, Texas — Headwall Investments has acquired River District Plaza, a 5,140-square-foot, three-tenant shopping center located in Fort Worth. This transaction marks the firm’s 17th shopping center acquisition, expanding its portfolio to more than 585,600 square feet across the metro Texas areas of Austin, San Antonio, Dallas-Fort Worth and Houston. River District Plaza was fully leased to Wingstop, No Place Like Home and Rustic on the River at the time of sale.
North Plainfield, N.J. — Levin Management Corp. (LMC) has appointed Jeanette Oliver, an industry veteran with more than 25 years of experience in the real estate and development industries, to the role of chief financial officer. Oliver previously served as chief accounting officer at Silverstein Properties Inc. and as an accounting director at Forest City Ratner Cos. In her new role, Oliver will be responsible for LMC’s finance, accounting, budgeting, credit, cash management and lease administration functions.
McKinney, Texas — McKinney City Council has granted final approval for Long Branch, a $1.3 billion mixed-use development located at the northwest corner of U.S. Highway 75 and the future U.S. 380 bypass in McKinney, roughly 30 miles north of Dallas. Creation, in partnership with Horizon Capital Holdings and Vaulter, is the developer. Spanning 155 acres, the project is expected to include approximately 1,600 multifamily homes, 135,000 square feet of retail anchored by a 65,000-square-foot grocer, a 318,600-square-foot office campus with two six-story buildings, a 100-room hotel and a 910-space structured …
Houston — Willowbrook LLC is underway with the renovation of Commons at Willowbrook, a 441,000-square-foot regional power center located in northwest Houston. The capital improvement program includes installing new monument signage and pylons, widening the main access point and updating the landscape design. Situated on 39 acres, the center is currently 85 percent leased to tenants such as Marshalls, HomeGoods, Ross Dress For Less, Michaels, Total Wine & More, Ulta Beauty, DSW and Daiso. Vincent O’Toole of Avison Young will lead leasing efforts for the property.
Pottstown, Pa. — JLL Capital Markets has arranged the sale of Suburbia Shopping Center, a 154,219-square-foot retail property located in Pottstown, approximately 20 miles east of Reading. Originally built in 2003, the property spans 25.6 acres. GIANT grocery store anchors the center, which was 85 percent leased at the time of sale. Additional tenants at the center include Dollar Tree, Starbucks Coffee, UPS Store and Tower Health. Jim Galbally and Patrick Higgins of JLL Capital Markets Investment Sales and Advisory team represented the seller, Gambone Management Co., in the transaction. Powell …
Fort Worth, Texas — Marcus & Millichap has facilitated the sale of 913 Houston Street, an 11,760-square-foot vacant retail property in downtown Fort Worth. Situated across from the Fort Worth Convention Center, the three-level building was originally built in 1959 and comprises a basement, main floor and a mezzanine level. Roughly a quarter mile from 913 Houston Street, approximately $2 billion of new construction is underway, including a $350 million campus for Texas A&M University and a $200 million expansion of the Omni Fort Worth Hotel. Joe Santelli of Marcus …
Miami — Marcus & Millichap has brokered the $8.6 million sale of Village Shoppes, a 26,648-square-foot retail center located in the Little Havana neighborhood of Miami. Situated at 503-533 SW 12th Ave., the center comprises two parcels with multiple stores, 30 parking spaces and more than 325 feet of retail frontage. The property also allows for 40,000 square feet of future development of up to eight stories, according to LoopNet. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap’s Miami office marketed the property on behalf of the undisclosed …
Burlington, N.C. — Lamar Cos., in partnership with Real Capital Solutions, has acquired Alamance Crossing, a 456,742-square-foot retail center located in Burlington. Hobby Lobby, Carousel Cinemas, Barnes & Noble and Belk anchor the center. Additional retailers at the property comprise a mix of restaurant, fitness, beauty, jewelry and service-based tenants including Buffalo Wild Wings, Tropical Smoothie Café, Anytime Fitness, Bath & Body Works, Kay Jewelers and DentalWorks. Tom Dobrowski of Newmark’s Capital Markets Group represented the undisclosed seller.
Manassas, Va. — SRS Real Estate Partners has arranged the sale-leaseback of a single-tenant retail property located in Manassas, roughly 35 miles southwest of Washington, D.C., for $6.8 million. The Learning Experience, an early childhood education and childcare center, occupies the two-story, 11,150-square-foot property on a triple net lease basis. Originally built in 2023, the facility is operated by one of The Learning Experience’s largest franchisees. Situated at 10219 Dumfries Road, the property sits at the center of a retail corridor that includes a Walmart Supercenter, Harris Teeter, LA Fitness, …