Texas

World Cup Plaza

Frisco, Texas — Whitestone REIT has purchased World Cup Plaza, a 90,391-square-foot retail center in Frisco. Developed in 2007, the property comprises a mix of retailers and restaurants including Blue Goose Cantina, The Green Gator, The NOW Massage, Hikari Sushi & Grill, Lemma Coffee Roasters, Rotate Bar & Kitchen, Frisco Soccer Association and Wells Fargo Bank. World Cup Plaza is also situated adjacent to Toyota Stadium, a 21,000-seat stadium is home to FC Dallas, the Frisco-based professional soccer team. The stadium is currently undergoing a $182 million renovation and will serve …

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Terra-Nova_Terrell-Texas

Terrell, Texas — Main Square Development has announced that the company has received approval from the Terrell City Council for the development of Terra Nova, a new $3 billion master-planned community.  Situated roughly 30 miles east of Dallas, the development will feature 1,200 multifamily units and a 48-acre mixed-use district, as well as 3,600 single-family homes. The mixed-use component of the development will include 200,000 square feet of shops, restaurants and offices anchored by a main square.  Terra Nova will also feature 145 acres of parks and trails, including 27 …

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Lakewood Forest Shopping Center

Houston — Baker Katz has acquired Lakewood Forest Shopping Center, a 108,016-square-foot shopping center located in northwest Houston. Situated adjacent to Target, Lakewood Forest Shopping Center was originally built in 1984 on roughly 11 acres. Current tenants at the property include Planet Fitness, Dollar Tree, First Watch, Taco Cabana and KFC. Jason Baker, Kenneth Katz, Ben Brown and Jack Moody of Baker Katz arranged the acquisition.

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Ashford Village Center

Houston — Whitestone REIT has acquired Ashford Village Center, an 81,407-square-foot grocery-anchored, neighborhood shopping center located in Houston. Tenants include Thanjai Mess, Ramen Bar Ichi, Japan House, Dollar Tree, Giggles and Fun, Salon Village and Japanese grocer Seiwa Market, which anchors the property. Ashford Village Center was originally built in 1979 on roughly 7 acres, according to LoopNet Inc. Ashford Village marks Whitestone’s 10th neighborhood shopping center acquisition in Houston.

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Dick's House of Sport

Live Oak, Texas — Dick’s House of Sport has opened a new 100,000-square-foot store at Live Oak Town Center, a mixed-use center under development in Live Oak, roughly 15 miles northeast of San Antonio. Dick’s House of Sport will anchor the property, along with a 300,000-square-foot IKEA and a 79,681-square-foot Floor & Décor store. David Nicolson and Michael Schoenbrun of Dallas-based Weitzman — the developer of Live Oak Town Center — handled lease negotiations. Upon completion of the development, Live Oak Town Center will total more than 800,000 square feet …

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Westcliff Shopping Center

Fort Worth, Texas — Partners Capital, the investment platform of Partners Real Estate, has completed the renovation of Westcliff Shopping Center, a 134,750-square-foot grocery-anchored, neighborhood shopping center located near Texas Christian University (TCU) in Fort Worth. The revitalization of the center’s 22,000-square-foot façade included modern updates, while also restoring its original character to honor North Texas’ architectural style. Partners Capital originally acquired Westcliff Shopping Center in late 2023 as the first property in its Opportunity Fund V. The renovation began in December 2024, which featured the preservation, cleaning and refinishing of …

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Cypress Creek Village

Cedar Park, Texas — Headwall Investments has acquired Cypress Creek Village, a 28,566-square-foot retail center located in Cedar Park, a northern suburb of Austin. Built in 2001 on nearly 4.5 acres, Cypress Creek Village was 82 percent leased at the time of sale to tenants including Pure Barre, Pizza Hut, Starbucks Coffee, Nathalie’s Donuts, Taco Palenque and Tuscano Italian Kitchen. Dillon Hurley of Argali CRE represented the buyer in the transaction. Shea Petrick, Erin Lazarus Myer and Kelly Anna Geiser of JLL represented the undisclosed seller. This transaction marks the …

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Hurst, Texas ­­— JLL has negotiated a 20,000-square-foot lease for Vellix Adventure at Mayfair Village, a 230,778-square-foot shopping center located in Hurst, a suburb of Dallas. Michael Williams of JLL represented Vellix Adventure in lease negotiations, while Ashley Selers of Phillips Edison & Co. represented the landlord. This location will serve as the entertainment company’s flagship storefront and will feature a mix of indoor attractions such as trampolines, ropes courses and virtual reality experiences. Vellix Adventure’s grand opening is November 1. Tom Thumb anchors Mayfair Village, while additional tenants at …

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NorthPark Center

Dallas — JLL Capital Markets has arranged $1.2 billion loan for the refinancing of NorthPark Center, a 1.9 million-square-foot super-regional shopping center located in Dallas. Originally developed in 1965, NorthPark Center features more than 190 tenants including Neiman Marcus, Nordstrom, Macy’s, Dillard’s and Eataly, as well as a 15-screen AMC theater. The property is currently 98.6 percent leased. Timothy Joyce, Trey Morsbach and Matt Maksymec of JLL’s Debt Advisory team arranged the financing on behalf of the borrower, NorthPark Management Co. Wells Fargo, Morgan Stanley and Goldman Sachs provided the loan. The new loan will pay …

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CityCentre

Houston — Locally based MetroNational has acquired the 309,144-square-foot retail component of CityCentre, a mixed-use development in Houston. The retail portion of the property frames a central green space and features roughly 24 food and beverage concepts such as Bellagreen, Daily Gather, Eddie V’s Prime Seafood, Grimaldi’s Pizzeria, Hopdoddy Burger Bar, North Italia, Sal y Pimienta, Seasons 52, The Capital Grille and Yard House. Retailers include Allen Edmonds, Anthropologie, Kendra Scott, Sephora, Sur la Table, Tecovas, Warby Parker and West Elm. In addition, MetroNational has also partnered with Radom Capital to …

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