Texas

Cornerstone-Plaza
FinanceNewsTexas

JLL Secures Financing for 51,664-Square-Foot Metro Fort Worth Shopping Center

by Abby Cox

Southlake, Texas — JLL Capital Markets has secured financing for Cornerstone Plaza, a 51,664-square-foot retail center located in Southlake, a northern suburb of Fort Worth. John Rose, Kristi Leonard and Chad Lisbeth of JLL represented the borrower, Brownlee Waggoner Holdings, in the transaction. Hillcrest Bank provided the loan. Built in 2002, Cornerstone Plaza comprises two buildings and is situated on nearly six acres. The property is currently fully leased to eight tenants including Cook Children’s Medical Center, Activate Games, Cristina’s Fine Mexican Restaurant and Smoothie King, as well as several service-oriented …

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shoppes-at-sawdust
Investment salesNewsTexas

Palo Duro Negotiates Sale of The Shoppes at Sawdust in The Woodlands, Texas

by Abby Cox

The Woodlands, Texas — Houston-based Palo Duro Commercial Partners has negotiated the sale of The Shoppes at Sawdust, a 13,500-square-foot retail center located in The Woodlands, roughly 30 miles north of Houston. The property, which was fully leased at the time of sale, features a mix of tenants including 5Point Credit Union, Little Caesar’s, Cloud 9 Dental and Jimmy John’s. Walmart shadow anchors the center. Stephen J. Pheigaru and Chris Reul of Palo Duro represented the seller, an entity doing business as Sawdust Retail LP, in the transaction. The buyer …

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India-Bazaar-Plaza
Grocery-anchoredInvestment salesNewsTexas

Marcus & Millichap Arranges Sale of 13,079-Square-Foot Retail Property in Metro Dallas

by Abby Cox

Little Elm, Texas — Marcus & Millichap has arranged the sale of India Bazaar Plaza, a 13,079-square-foot retail property located in Little Elm, approximately 33 miles north of downtown Dallas. Built in 2018, the retail center is fully leased to South Asian grocery operator India Bazaar, and Shahnaz Salon & Threading, under triple-net leases. Scott Abeel and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both private investors.

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Laynes-Night
DevelopmentNewsRestaurantsTexas

Layne’s Chicken Fingers Signs 24 Franchise Agreements, Reaches 50 Units Open

by Abby Cox

Frisco, Texas — Layne’s Chicken Fingers has expanded its footprint to more than 50 operating restaurants and has signed two dozen franchise agreements. In the second quarter of this year, Layne’s celebrated its 50-restaurant milestone in its home state while also laying the groundwork for its California debut with a new 12-unit deal in partnership with tenured IHOP operators. Taylor Thomas, a multi-unit Layne’s and Whataburger franchisee, executed three restaurant openings in 60 days and signed a new agreement to develop 30 Layne’s locations across Oklahoma. Founded in 1994 in College …

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Rosamond-Town-Center
DevelopmentNewsTexas

Big V Property Group, The Seitz Group Break Ground on Rosamond Town Center in Anna, Texas

by Abby Cox

Anna, Texas — Charlotte, North Carolina-based Big V Property Group and Texas-based The Seitz Group have broken ground on Rosamond Town Center, a planned 355,826-square-foot open-air center in the North Texas city of Anna. Rosamond Town Center is a complementary development to Rosamond Crossing, a 175,300-square-foot, Kroger-anchored center that includes additional tenants such as Bank of America and McDonald’s. The overall complex will span approximately 750,000 square feet. Principal Asset Management is providing a combination of developer equity and financing for the project, while Citizens Bank is providing a construction loan.

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Roanoke-Shopping-Center
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 11,320-Square-Foot Multi-Tenant Retail Property in Metro Dallas

by Abby Cox

Roanoke, Texas — Marcus & Millichap has brokered the sale of Roanoke Shopping Center, an 11,320-square-foot multi-tenant retail property located in Roanoke, approximately 30 miles northwest of Dallas. Built in 2009, the center is fully leased to Oak and Main, Inzo Italian Kitchen and Baja Cantina under triple-net leases. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both private investors. The terms of the transaction were not disclosed.

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Commerce-District-Valley-Ranch
DevelopmentGrocery-anchoredLeasingMixed-useNewsTexas

Signorelli Co. Signs H-E-B to Anchor Commerce District at Valley Ranch in Metro Houston

by Abby Cox

New Caney, Texas — The Signorelli Co. has signed a lease with H-E-B to anchor Commerce District at Valley Ranch, a mixed-use project located within the 1,400-acre Valley Ranch master-planned community in New Caney, roughly 30 miles northeast of downtown Houston. The first phase, dubbed Commerce West, will be anchored by a 120,000-square-foot H-E-B supermarket that is scheduled to open in fall 2027. In addition to H-E-B, Commerce West includes approximately 19,500 square feet of retail space and two outparcel opportunities for complementary restaurants, retail and service-oriented businesses. Commerce East, the …

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Shops at Prosper Trail
Investment salesNewsTexas

YPI Sells 86,698-Square-Foot Retail Center in Metro Dallas

by Abby Cox

Prosper, Texas — Younger Partners Investment (YPI) has sold Shops at Prosper Trail, an 86,698-square-foot retail center located in Prosper, about 35 miles north of downtown Dallas. Built in 2016, Shops at Prosper Trail was fully leased at the time of sale to tenants including Anytime Fitness, Pacific Dental Services, Wingstop and Supercuts, among others, according to LoopNet Inc. Kroger shadow anchors the property. Adam Howells and Erin Myer of JLL represented the seller in the transaction. The buyer was Phillips Edison & Co.

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towne-crossing
Grocery-anchoredInvestment salesNewsTexas

DIG Arranges Sale of 167,957-Square-Foot, Kroger-Anchored Shopping Center in Metro Dallas

by Abby Cox

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 …

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The Market at City Park
Investment salesNewsTexas

Reid King Sells 8,024-Square-Foot, Multi-Tenant Retail Property in Houston

by Abby Cox

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 …

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