Longview, Texas — A partnership between Trademark Property Co. and Dillard’s has acquired Longview Mall, a 646,000-square-foot regional shopping center located in Longview. As reported by The Wall Street Journal, the purchase price was $34 million. The mall will now be operated and leased by Trademark, while Dillard’s continues as an anchor tenant. Other retailers include Dick’s Sporting Goods, JCPenney, HomeGoods, Bath & Body Works, Foot Locker, H&M, Kay Jewelers, Auntie Anne’s, Chick-fil-A and Chuck E. Cheese. Renovations to the mall will include modernizations of the property and upgrades to mall …
Texas
Manvel, Texas — Meto Real Estate LLC, a first-time buyer based in Dallas, has acquired Sedona Lakes Plaza, a 14,803-square-foot shopping center located in Manvel, roughly 20 miles south of downtown Houston. The center was fully leased to five tenants at the time of sale, including HOTWORX, Smart Core Labs and Behavioral Innovations. Riley Sharman of Northmarq represented the seller, an entity doing business as 10309 Bailey LLC, in the transaction.
Converse, Texas — Locally based firm Boomslang Ventures has sold Autumn Heights, a 13,949-square-foot retail center located in Converse, roughly 14 miles northeast of San Antonio. Originally built in 2020 on 2 acres, the center was fully leased at the time of sale. Tenants at the property include Great Clips, Marco’s Pizza, Stella Nails & Spa and Verizon Wireless. Riley Sharman of Northmarq represented the buyer, a Brooklyn-based 1031 exchange investor.
Houston — Northmarq has arranged the sale of Ella Plaza, an 82,073-square-foot shopping center located at 1319 Cypress Creek Parkway in Houston. Advance Auto Parts, CSL Plasma and the Harris County Public Health Department anchor the property, which was 90 percent occupied at the time of sale. Additional nearby retailers include Kroger, AT&T, Starbucks Coffee, Chick-fil-A, Subway, dd’s Discounts, Ross Dress for Less, Wingstop, CVS Pharmacy, Walgreens and Whataburger. Originally built in 2005, the center sits on roughly 7 acres. Riley Sharman of Northmarq’s Investment Sales team represented the 1031 exchange …
Dallas — Dallas-based pickleball-themed entertainment venue The Pickle Pad has signed a four-unit franchise agreement across four different markets including Oak Bridge, New Jersey; Port Arthur, Texas; Hoover, Alabama; and Tampa, Florida. The company currently has seven locations under development, while preparing to open three new venues in Myrtle Beach, South Carolina; St. George, Utah; and Newport News, Virginia. While opening dates have not been announced, each location will feature multiple pickleball courts, food-and-beverage offerings, open green spaces and social and lawn games.
Richardson, Texas —Three tenants have signed leases to join CityLine, a 204-acre mixed-use property under development in Richardson, roughly 14 miles north of downtown Dallas. Manny’s Mexican Kitchen will open its fifth restaurant, which will occupy 5,115 square feet. Show Mini Hot Pot will debut its second North American location, totaling 2,267 square feet. Meanwhile, IMAGE Studios will be expanding its space at the property to include 38 additional suites. The recently signed tenants will open this fall alongside a mix of other retailers and restaurants including Club Pilates, Diesel …
Conroe, Texas — Marcus & Millichap has arranged the sale of Conroe Shopping Center, a 51,030-square-foot retail center located in Conroe, roughly 40 miles north of Houston. The 18-suite property, which is shadow anchored by Kroger, features a mix of tenants including Workforce Solutions, GNC, Subway and Wingstop. Bill Dang and Justin Miller of Marcus & Millichap’s Houston office, procured the buyer, a Houston-based investor, in the transaction. CBRE represented the undisclosed seller. The sales price was also not disclosed.
Weslaco, Texas — Optima Investments has acquired Valley Crossing, a 178,594-square-foot retail center located in the Rio Grande Valley city of Weslaco. JC Penney, T.J. Maxx and Petco anchor the center, which was 97 percent leased at the time of sale. Nearby retailers include Walmart Supercenter, Lowe’s, Academy Sports and H-E-B. Mark Witcher, Harrison Tye and Jolie Duhon of CBRE’s National Retail Partners represented the seller, Capcor Weslaco Ltd, in the transaction.
San Antonio — JLL has arranged the sale of Marketplace at Encino Park, an 85,129-square-foot shopping center located in San Antonio. Sprouts Farmers Market anchors the property, which was fully leased at the time of sale. Additional tenants include Pet Supplies Plus, Burger King and F45 Training. Built in 2019, the center is situated on roughly 13 acres. Barry Brown, Erin Lazarus, Shea Petrick and Whitney Snell of JLL’s Investment Sales and Advisory team represented the seller, locally based Birnbaum Property Co., in the transaction. The buyer was InvenTrust Properties.
Dallas — Disney Investment Group (DIG) has negotiated the sale of Mockingbird Central Plaza, a 79,885-square-foot shopping center located in the Highland Park area of Dallas. Situated near Southern Methodist University, the center is 98 percent leased and features a mix of 22 tenants including Whole Earth Provision, Jason’s Deli, Mattress Firm, Run On, Uptown Cheapskate and a recently signed Chipotle, which is expected to open in 2026. David Disney and Adam Crockett of DIG represented the locally based seller, Corsair Property Co., and procured the buyer, shopping center REIT Curbline …