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 …
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.
Seguin, Texas — Houston-based developer NewQuest has begun work on Seguin Exchange, a 544-acre mixed-use development that will be located on the northeastern outskirts of San Antonio. NewQuest first acquired the land in 2007 and is now underway on infrastructural work. Plans for Seguin Exchange currently call for approximately 2 million square feet of industrial space and 750,000 square feet of retail, restaurant and entertainment space that will be housed within a single shopping center. Seguin Exchange is also planned to feature medical, multifamily and hospitality uses. Within the development’s …
Cedar Park, Texas — Cohen & Steers Income Opportunities REIT has acquired a 442,000-square-foot portion of 1890 Ranch, an 850,000-square-foot power center located in Cedar Park, a northern suburb of Austin. The acquisition was completed through a joint venture with the Sterling Organization. The seller was Endeavor Real Estate Group. Shadow anchored by Target, 1890 Ranch was 99 percent occupied at the time of sale to tenants including Academy Sports and Outdoor, Crunch Fitness, Burlington, Ross Dress for Less, Hobby Lobby and Ashley Furniture.
Anna, Texas — Big V Property Group and The Seitz Group are developing Rosamond Town Center, a planned 355,826-square-foot open-air center in the North Texas city of Anna. The development will be anchored by Academy Sports + Outdoors, Aldi, Burlington, EOS Fitness, Hobby Lobby, HomeGoods, PetSmart and T.J. Maxx, and will feature several outparcels and specialty stores. 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. …
Anna, Texas — Marcus & Millichap has brokered the sale of a 7,295-square-foot multi-tenant retail property located in the North Texas city of Anna. Built in 2021, the four-suite retail property was fully leased at the time of sale to Verizon Wireless, The UPS Store, Jersey Mike’s Subs and Fuzzy’s Taco Shop. The property was acquired as part of a two-property portfolio that included an adjacent shopping center. Chris Gainey and Philip Levy of Marcus & Millichap represented the buyer, a Dallas-area private partnership. The acquisition was completed as part of …
Plano, Texas — The Dallas Stars are planning to open a new hockey arena and mixed-use entertainment district at The Shops at Willow Bend in Plano. The team announced on June 2 that it had signed a nonbinding letter of intent (LOI), inclusive of design and construction plans for the arena and surrounding district, which could include sports-themed retail, restaurant and entertainment uses, as well as public gathering and event spaces. The announcement comes roughly 24 hours after the NBA’s Dallas Mavericks similarly unveiled plans to move on from American …
Austin has crossed a milestone — the city of Austin population now tops 1 million, making it the 12th most populous city in the U.S. — and the retail momentum is matching the growth. In this Retail Insight interview from ICSC Las Vegas, reporter Nellie Day sits down with Davon Barbour, president & CEO of the Downtown Austin Alliance, to talk about what’s driving deals in a city that’s attracting big names: Justin Timberlake is opening The Twelve Thirty Club in the heart of downtown, and Kevin Durant is partnering …
Houston — Brixmor Property Group has acquired Vintage Marketplace, a 72,184-square-foot shopping center located in Houston, roughly 26 miles northwest of downtown. Ryan West, Chris Gerard and Erin Lazarus of JLL represented the seller in the transaction. Whole Foods Market anchors Vintage Marketplace, which was 94.4 percent occupied at the time of sale. Additional tenants at the property include Torchy’s Tacos, Orangetheory Fitness, Mod Pizza, Jersey Mike’s Subs and Nothing Bundt Cakes, among other service-oriented retailers.
