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Investment salesMixed-useNewsTexas

Houston Rockets Owner Buys River Oaks District for $450 Million

by Hayden Spiess

Houston — Fertitta Entertainment Inc., an entity controlled by Houston Rockets owner Tilman Fertitta, has purchased River Oaks District, a 664,308-square-foot mixed-use development on Houston’s west side. Multiple local news sources, including the Houston Chronicle, report that the sales price was $450 million. As a shopping and dining destination, River Oaks District features 302,668 square feet of retail and restaurant space. Tenants include Hermes, Cartier, Dior, Harry Winston, Van Cleef & Arpels, Brunello Cucinelli, Balmain, Le Colonial, Toulouse, Bari, Steak48 and Little Hen. River Oaks also houses an Equinox fitness facility and …

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Village-Green-at-Bridgeland-Central-Houston
DevelopmentGrocery-anchoredNewsTexas

Howard Hughes Underway on 70-Acre Retail Development in Houston

by Hayden Spiess

Houston — Howard Hughes Holdings is underway on construction of Village Green at Bridgeland Central, a 70-acre retail development in northwest Houston. Situated within the 925-acre Bridgeland master-planned community, Village Green will comprise a 100,000-square-foot H-E-B grocery store and 28,000 square feet of inline retail and restaurant space. The development will also feature multiple outdoor dining spaces and connectivity to Bridgeland’s network of walking trails. H-E-B is scheduled to open later this year, with the inline space scheduled for a spring 2025 delivery. Tal McIver of McIver Properties represented H-E-B in …

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Balboa-Surf-Club-Post-Oak-Plaza_Houston
LeasingNewsTexas

Three New Tenants Open at Post Oak Plaza in Houston

by Hayden Spiess

Houston — Three new tenants have opened at Post Oak Plaza, a shopping center located in Houston. Retailers Arhaus, Kohler and Bassett Furniture now occupy 22,201; 4,036; and 9,597 square feet at the property, respectively. Other tenants at the center, which was 98 percent leased at the time of the openings, include Nando’s PERi PERi, Balboa Surf Club, Bluestone Lane, il Bracco and Kenny & Ziggy’s. LEVCOR is the landlord of Post Oak Plaza. Brittney Austin, Linda Rubiola and Rand Horowitz of Shop Cos. represented LEVCOR in the lease negotiations. 

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Investment salesNewsTexas

NewQuest Arranges Sale of 139,538-Square-Foot Former Sam’s Club Store in Houston

by Hayden Spiess

Houston —NewQuest Properties has arranged the sale of a 139,538-square-foot retail building in West Houston. The vacant building, which is part of a larger development anchored by Target, Burlington and Marshalls, sits on 12 acres and was formerly owned and occupied by Sam’s Club. John Nguyen of NewQuest Properties represented the buyer, an entity doing business as SSS Marketplace on Eldridge LLC, in the transaction. James Namken and Kyle Knight of Weitzman represented the seller.

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Investment salesNewsTexas

Three Pillars Capital Acquires 16,000-Square-Foot Shopping Center in Frisco, Texas

by Hayden Spiess

Frisco, Texas — Three Pillars Capital has acquired Shops at The Gate, a 16,000-square-foot shopping center located north of Dallas in Frisco. Built in 2021, the property comprises two buildings situated on two acres. The center, which was fully occupied at the time of sale, is an outparcel to Domain at The Gate, a luxury apartment development. Mike Kennedy and Darrell Betts of Avison Young represented the seller, an undisclosed foreign investment group, in the transaction.

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DevelopmentLeasingMixed-useNewsRestaurantsTexas

Eight Food-and-Beverage Concepts Sign Leases at 324-Acre Realm at Castle Hills Development in Metro Dallas-Fort Worth 

by Hayden Spiess

Lewisville, Texas — Eight new food-and-beverage concepts have signed leases at The Realm at Castle Hills, a 324-acre mixed-use development currently underway in Lewisville in the Dallas-Fort Worth metro. Upon completion, the project will feature 1.5 million square feet of retail, office and restaurant space, in addition to multifamily units, a boutique hotel and an outdoor entertainment district. The new tenants include a dual Marble Slab Creamery/Great American Cookies shop, which will occupy 1,600 square feet, as well as Voodoo Brewing Co., which will occupy 4,346 square feet. Cocinero Mexican Restaurant, …

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Garden-Oaks-Shopping-Center_Houston
Grocery-anchoredInvestment salesNewsTexas

Whitestone REIT Acquires 107,000-Square-Foot Retail Center in Houston

by Hayden Spiess

Houston — Whitestone REIT has acquired Garden Oaks Shopping Center, a 107,000-square-foot retail center located in Houston. Aldi anchors the property, which was 96 percent leased to 19 retailers at the time of sale. Other tenants at the center include Planet Fitness and Dollar Tree.  

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pncbank
Architecture and DesignColoradoDevelopmentFloridaNewsPennsylvaniaTexas

PNC Bank to Invest $1 Billion to Add 100 New Branches, Renovate 1,200

by Hayden Spiess

Pittsburgh — PNC Bank plans to invest approximately $1 billion to open more than 100 new branches and renovate 1,200 existing locations by 2028. Expansion plans call for new locations in key cities such as Austin, Dallas, Denver, Houston, Miami and San Antonio, among others, to establish a coast-to-coast network. According to PNC Bank, the goal of the renovations is to create a better customer experience when conducting transactions or meeting with bankers to discuss financial goals. PNC Bank is a member of The PNC Financial Services Group Inc. (NYSE: PNC), …

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Presidio-Square_Houston
Grocery-anchoredInvestment salesNewsTexas

DIG Arranges Sale of 189,338-Square-Foot Retail Center in Houston

by Hayden Spiess

Houston — Disney Investment Group (DIG) has arranged the sale of Presidio Square, a 189,338-square-foot retail center located in Houston. An 82,466-square-foot HEB store anchors the property. Other tenants at the center, which was leased to 30 retailers at the time of sale, include Family Thrift, AT&T, Subway, State Farm, Little Caesars, IHOP and Chase Bank. Wu Properties acquired the property from North American Development Group (NADG) for an undisclosed price. David Disney and Adam Crockett of DIG represented NADG in the transaction. 

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Promenade-North-Shopping-Center_Richardson-Texas
Investment salesNewsTexas

2GR Equity, SHOP Development Acquire 177,000-Square-Foot Shopping Center in Metro Dallas

by Hayden Spiess

Richardson, Texas — A joint venture between 2GR Equity and SHOP Development has acquired Promenade North Shopping Center, a 177,000-square-foot retail center located in the northeastern Dallas suburb of Richardson. Tenants at the property, which was 70 percent leased at the time of sale, include Verizon Wireless, Papa Murphy’s and WingStop. The new ownership plans to implement a value-add program that will include landscape and parking lot improvements, along with new paint, LED lighting and signage upgrades.

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