Texas

Houston — Simon Property Group will renovate Houston’s Galleria Mall, a 2.4 million-square-foot shopping, dining and entertainment destination. The owner-operator will upgrade various interior and exterior entrances to feature sleek entryways, contemporary LED lighting and ceiling enhancements. Plans also include 155,000 square feet of modern new flooring throughout the property. Renovations will begin this summer and are expected to be complete by early 2025. Simon has invested several hundred million dollars in the Galleria Mall over the course of its ownership, with the most recent redevelopment completed in 2017.

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Houston — Hospitality group Noble 33 will open a new restaurant at The Pavilion at The Allen in Houston June 4. Toca Madera, a Mexican steakhouse, will span 14,000 square feet, with a 393-seat capacity. The restaurant will feature an outdoor dining patio, two full-service bars, a private member’s club and a private dining room. 

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Houston — Eco Thrift, a merchandiser of secondhand goods, has signed a 29,250-square-foot lease at Willowbrook Plaza in northwest Houston. AMC Theatres, Bed Bath & Beyond, buybuyBaby and World Market anchor the 392,542-square-foot power center. Austen Baldridge and Bob Conwell of NewQuest Properties represented the tenant in the lease negotiations. Radkey Jolink, Bruce Wallace and Cole Rainer of Jolink Wallace Commercial represented the landlord.

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Spring, Texas — CenterSquare lnvestment Management has acquired Gleannloch Crossing, a 32,797-square-foot retail center located in the northern Houston suburb of Spring. The site is located at the intersection of Grand Parkway and Champion Forest Drive. The property was fully leased at the time of sale to tenants including MOD Pizza, The UPS Store, Subway, Gleannloch Family Dentist, Smoothie King and Salons by JC. 

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Tyler, Texas —NewQuest Properties has arranged the sale of Shops at Shiloh, a 14,927-square-foot retail center located in Tyler, about 100 miles east of Dallas. A CEFCO convenience store and gas station anchors the property, which was built on 2.4 acres in 2008. The center was 95 percent occupied at the time of sale. Austen Baldridge of NewQuest and Marc Peeler, formerly of NewQuest and now of Partners Real Estate, represented the undisclosed seller in the transaction. Eliud Sangabriel of SVN Trinity Advisors represented the undisclosed buyer, which acquired the property …

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Chicago — Retail brokerage firms Segovia Partners and Braden Real Estate have announced plans to merge. Marc Offit heads Braden Real Estate, which features offices in Chicago and Florida. Jennifer Frank and Jack Breard lead Dallas-based Segovia Partners. Offit will remain managing broker for the Illinois and Florida brokerage teams, with Courtney Waldon appointed president of the Chicago office. Segovia plans to add a senior team member to run the West Coast of Florida office. Additionally, Tim Gearhart will join the Segovia Partners Chicago office as a principal, focusing on national …

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Marble Falls, Texas — A group of developers doing business as Flatrock Development Partners LLC has announced plans for The Shops at Flatrock Crossing, a $130 million retail center in Marble Falls, about 50 miles northwest of Austin. Developers include Bob Berryhill of Empirita Development (developer of record) and Bobby Johnson of Twenty Two 10 Group. Academy Sports + Outdoors will anchor the 330,000-square-foot center. Other tenants will include T.J. Maxx, Ulta Beauty, Five Below, Famous Footwear, James Avery and Maurices. Construction is scheduled to begin in early June. United Commercial …

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Dallas — JLL has brokered the sale of Muse Shops at Midtown, a 112,162-square-foot shopping center located in Dallas. Built in 1999 and renovated in 2022, the four-building property was 58 percent leased at the time of sale. Tenants at the center include Starbucks Coffee, Land Design, United Real Estate and Natuzzi Editions. Adam Howells, Erin Lazarus, Megan Babovec and Keenan Ryan of JLL represented the undisclosed seller in the transaction. 

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Houston — Four new tenants have signed leases at CITYCENTRE, a 47-acre mixed-use property located in Houston. Star Cinema Grill opened at the center last month, in a space formerly occupied by Studio Movie Grill. Additionally, American Threads, Rowan and Southern Tides have signed leases at the property. The concepts will open stores totaling 1,800; 1,000; and 1,500 square feet, respectively. Each of the openings is scheduled for this summer. TriGate Capital is the landlord of the property, which was developed by Midway and is managed by Parkway. 

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Tom-Thumb_Sunnyvale-Texas

Sunnyvale, Texas — Tom Thumb will open a store in Sunnyvale, marking the “first major grocery store” in the area, according to the Town of Sunnyvale. Scheduled to open in late 2025, the grocer will join Gateway Park, a $124 million development that spans 240,000 square feet and features additional retail and restaurant space, as well as athletic facilities. The Sunnyvale Town Council has approved a $3 million economic incentive for the store’s development. 

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