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.
Tomball, Texas — A partnership between Baker Katz and Fox & Graham is developing Tomball Mercantile, a 15,225-square-foot retail center located in Tomball, approximately 30 miles northwest of downtown Houston. Construction is expected to begin this summer. Confirmed tenants at Tomball Mercantile, which is already 80 percent preleased, include Tex-Mex concept La Viva Cantina and Jason’s Deli. The center will be situated at the entrance of the 150-acre Tomball Medical Complex.
Tyler, Texas — Hanley Investment Group Real Estate Advisors has brokered the sale of a single-tenant restaurant property located in the East Texas city of Tyler. IHOP occupies the 4,464-square-foot building, which is situated on a 1.9-acre outparcel to a Walmart Supercenter. The lease has seven years remaining. This transaction marks Hanley Investment Group’s third IHOP sale in Texas in the last five months. Garrett Wood of Hanley Investment Group, in association with ParaSell Inc., represented the seller, a private investor based in Florida. The buyer represented themselves.
California, Virginia, Florida and Texas — A joint venture between Bain Capital and 11North Partners has acquired five open-air retail centers for approximately $300 million. The properties total roughly 757,000 square feet and are located in Carlsbad, California; Falls Church, Virginia; Altamonte Springs, Florida; and Sugar Land, Texas. The seller was not disclosed. Anchor tenants of the portfolio include Harris Teeter, Trader Joe’s, Walmart, Costco and Equinox, with sales from those anchor stores exceeding $900 per square foot. The portfolio, which was more than 93 percent occupied at the time …
Flower Mound, Texas — Marcus & Millichap has brokered the sale of Long Prairie Plaza, a 17,107-square-foot retail center located in Flower Mound, roughly 25 miles northeast of Fort Worth. The center comprises two adjacent multi-tenant buildings constructed in 2022. Tenants at the property, which was fully leased at the time of sale, include Active Dental, TeaCupfuls, Fiore Nail Bar, Cold Stone Creamery, JDX Blinds, Zelene Head Spa, Degree Wellness and Donatos Pizza. Philip Levy and Chris Gainey of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, a Florida-based private capital investor, in the …
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