Texas

CRAFT Restaurant Beer Market

Dallas — Food-and-beverage concept CRAFT Restaurant & Beer Market has announced plans to open its first U.S. location in the Preston Center commercial district of Dallas. Occupying a 10,500-square-foot space, the venue will feature a 360-degree bar with more than 100 beers on tap, cocktails, wine and a food menu. The restaurant, which is scheduled to open in early 2026, will also include a 5,250-square-foot rooftop patio with a full bar, booth seating, greenery and a games area. CRAFT currently operates nine restaurants throughout Canada.

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Sugar Land, Texas — Headwall Investments has acquired Old Mill Retail Center, a 15,182-square-foot retail center located in Sugar Land. Tenants at the property include Pepperoni’s Pizza, Primera Professional Pharmacy, MTea & Coffee and Floors for Living. This marks Headwall’s second property in metro Houston and sixteenth in the state. Headwall’s portfolio now comprises more than 584,000 square feet of retail space with over 175 tenant spaces.

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JCPenney

Plano, Texas — JCPenney and SPARC Group have announced plans to merge, forming Catalyst Brands. Catalyst Brands launches with 1,800 store locations, 60,000 employees, more than $9 billion of revenue and $1 billion of liquidity. JCPenney and SPARC Group have created a joint venture in an all-equity transaction to form the combined organization, with Simon Property Group, Brookfield Corp., Authentic Brands Group and Shein as shareholders. The combined portfolio features six retail banners — the SPARC Group’s Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica and JCPenney. Marc Rosen, …

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380 Towne Crossing

McKinney and Longview, Texas — Younger Partners Investments (YPI) has acquired a two-property retail portfolio totaling 288,063 square feet in Texas. Developer Weber & Co. was the seller. The properties include 380 Towne Crossing and Longview Towne Crossing. Located in McKinney, approximately 32 miles north of Dallas, 380 Towne Crossing comprises 137,287 square feet and was 98 percent leased at the time of sale. Tenants at the property include FedEx Office, Buffalo Wild Wings, Leslie’s Pool Supplies, Cook Children’s Pediatrics, Storming Crab, Jimmy John’s and Mattress Firm. Longview Towne Crossing, …

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San Antonio — The Ranier Cos. has brokered the sale of San Antonio Crossing, a 145,819-square-foot shopping center located in San Antonio. The property was fully leased at the time of sale to tenants including Academy Sports & Outdoors, Burlington, Half Price Books, Starbucks Coffee and Torchy’s Tacos. Marcus & Millichap represented the undisclosed buyer in the transaction.

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The-Row-park-credit-to-BOGZA

Austin, Texas — Presidium will break ground on the next phase of The Row, a 314-acre mixed-use project in Austin. Featuring a 6,250-square-foot freestanding restaurant site and 22,000 square feet of additional retail space, this phase will be developed in partnership with PentaGrowth Capital and a subsidiary of Biolink Capital. The project team will include architect Chioco Design, landscape architect Blacksmith Collaborative and civil engineer KFM Engineering & Design, as well as LandDesign, Leap!, Bay MEP, HWA Parking and O’Brien Architects. Asterisk Design will oversee renaming and rebranding for the development, …

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party-city-1

Woodcliff Lake, N.J. and Coppell, Texas — In a one-two punch of holiday retail bankruptcy announcements, Party City has issued a formal statement declaring that it will close all its U.S. stores within the coming months, and The Container Store has formally filed for Chapter 11 bankruptcy protection. CNN first reported on Friday, Dec. 20, that Party City, which filed for Chapter 11 bankruptcy protection in January 2023to restructure its debt, will now be liquidating. The New Jersey-based entertainment accessories retailer, which does business as Party City Holdco Inc., said over the weekend that …

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Grapevine-Centre_Grapevine-Texas

Grapevine, Texas — The Woodmont Co. has brokered the sale of Grapevine Centre, an 85,421-square-foot retail center located in Grapevine. Tenants at the property, which was fully leased at the time of sale, include Petco, Harbor Freight Tools, JOANN Fabric and Crafts, Dollar Tree and Angel’s Attic. Russel Wehsener and Bryan Dyer of The Woodmont Co. represented the seller, an entity doing business as Grapevine Beall Center LLC, in the transaction. Roger Smeltzer of Vision Commercial represented the undisclosed buyer. 

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Northwest-Plaza_Flower-Mound-Texas

Flower Mound, Texas — STRIVE has brokered the sale of Northwest Plaza, an 11,000-square-foot retail property located in Flower Mound. Situated within the Dallas metro, the center was fully leased at the time of sale. Hudson Lambert of STRIVE represented the seller, an undisclosed local investor, in the transaction. 

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