Mesquite, Texas — Disney Investment Group (DIG) has arranged the sale of Towne Crossing, a 167,957-square-foot shopping center located in Mesquite, roughly 15 miles east of Dallas. Kroger anchors the property, which was 92 percent leased at the time of sale to 30 additional tenants including WSS, Citi Trends, CSL Plasma, Kids Empire, LaundroLab and Hertz, among others. Kroger has operated at Towne Crossing since its opening in the early 1990s, and recently executed an early, long-term lease extension. David Disney and Adam Crockett of DIG represented the seller, Phillips …
Texas
Houston — Reid King Commercial Real Estate has sold The Market at City Park, an 8,024-square-foot, multi-tenant retail property located in Houston. Built in 2024 on 1.5 acres, the four-suite center was fully leased to Chipotle Mexican Grill, Marble Slab Creamery/Great American Cookies, The UPS Store and TLN Family Dental at the time of sale. The Market at City Park is also shadow anchored by a new Joe V’s Smart Shop grocery store. Chris Gainey and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller. The …
Cravey Real Estate Negotiates Sale of 8,750-Square-Foot Retail Center in Corpus Christi, Texas
Corpus Christi, Texas — Cravey Real Estate Services has negotiated the sale of King’s Court, an 8,750-square-foot neighborhood center located at 7626 Staples St. in Corpus Christi. Constructed in 2005, King’s Court is home to a mix of tenants including Peerless Cleaners, Cali Nails, King’s Barber and Baare BBQ, which recently completed a restaurant buildout and signed a new lease. Patricia Chavez of Keller Williams Heritage represented the buyer, Vista Bella Investments, LP. Lynann Pinkham of Cravey Real Estate Services represented the seller, who has historically overseen leasing for the property …
McAllen, Texas — Partners Capital, the investment platform of Partners Real Estate, has acquired Colonnade of McAllen, a 41,041-square-foot neighborhood center located in the Rio Grande Valley city of McAllen. Built in 2004, Colonnade of McAllen was fully leased at the time of sale. Tenants include Maripoza Boutique, PureLine Nutrition, Queen’s Nails and Sari-Sari Filipino Convenience Store, according to LoopNet Inc. This transaction marks Partners Capital’s second acquisition through its Opportunity Fund VI and the first retail property acquired through the vehicle.
Marcus & Millichap Brokers Sale of 20,447-Square-Foot Shopping Center in Suburban Houston
La Porte, Texas — Marcus & Millichap has brokered the sale of La Porte Plaza, a 20,477-square-foot multi-tenant retail center located in La Porte, approximately 25 miles east of downtown Houston. Justin Miller marketed the property on behalf of the seller, an out-of-state investor, and procured the buyer, a local investor. Built in 2014 on 2.3 acres, La Porte Plaza features a mix of tenants including Dollar Tree, Firehouse Subs, Donald’s Donuts, La Monarca Ice Cream and Taquerias Arandas.
Culpepper Realty Sells 291,958-Square-Foot, Grocery-Anchored Retail Center in Northeast Texas
Paris, Texas — Culpepper Realty Co. has sold Paris Towne Center, a 291,958-square-foot, grocery-anchored shopping center located in the Northeast Texas city of Paris. Adam Howells and Erin Myer of JLL Capital Markets represented the seller in the transaction. The buyer was Corsair Property Co. Built in 1976, Paris Towne Center was 96 percent occupied at the time of sale. Tenants include Aldi, Hobby Lobby, Ross Dress for Less, T.J. Maxx, Five Below, Ulta Beauty and Bath & Body Works.
Marcus & Millichap Brokers Sale of 94,532-Square-Foot Retail Center in Wichita Falls, Texas
Wichita Falls, Texas — Marcus & Millichap has brokered the sale of Parker Square, a 94,532-square-foot shopping center located in Wichita Falls. Built in 1955, the multi-tenant property features 23 retail suites and was 97 percent leased at the time of sale. Crunch Fitness occupies nearly half of the center’s rentable area. Other tenants include Jason’s Deli, Massage Envy, Heff’s Burgers and Deatherage Certified Optics, according to LoopNet Inc. Chris Gainey and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller, one of the largest privately …
Houston — Shipley Donuts has signed a three-unit franchise agreement in Cincinnati, marking its entry into Ohio. The deal is with Houston-based Koelache Co. LLC, which plans to open its first Shipley location in the first quarter of 2027, with the other two units expected to open through 2029. Founded in Texas in 1936, Shipley Donuts has more than 390 franchised and company-owned restaurants across 13 states.
Dallas — Corrigan Investments has sold Pavilion on Lovers Lane, a 113,823-square-foot neighborhood center located in Dallas. Barry Brown, Erin Myer, Wally Reid, Kristi Leonard and Luke Rogers of JLL Capital Markets arranged the sale and acquisition financing in the transaction. The buyer was a Dallas-based real estate investment firm. This acquisition marks the first time the property has ever been offered on the market. Pavilion on Lovers Lane spans two buildings and was 99.7 percent leased at the time of sale to tenants including Eatzi’s, Odelay, Stay Fit Studios and La …
Prudent Growth Acquires 28,850-Square-Foot Retail Center in Metro Dallas for $7.4 Million
Rowlett, Texas — Chapel Hill, North Carolina-based Prudent Growth Partners has acquired Scenic Square, a 28,850-square-foot retail property located in Rowlett, approximately 20 miles northeast of Dallas, for $7.4 million. The center was fully leased at the time of sale to tenants including Baylor Scott & White Outpatient Rehabilitation, HealthPro Pharmacy & Wellness Center, Eagle Food Beer & Wine, Wanda’s Studio and The Track Grill and Bar.