Texas

Commons at Willowbrook
DevelopmentNewsPower centersTexas

Willowbrook Begins Renovation of 441,000-Square-Foot Retail Power Center in Northwest Houston

by Abby Cox

Houston — Willowbrook LLC is underway with the renovation of Commons at Willowbrook, a 441,000-square-foot regional power center located in northwest Houston. The capital improvement program includes installing new monument signage and pylons, widening the main access point and updating the landscape design. Situated on 39 acres, the center is currently 85 percent leased to tenants such as Marshalls, HomeGoods, Ross Dress For Less, Michaels, Total Wine & More, Ulta Beauty, DSW and Daiso. Vincent O’Toole of Avison Young will lead leasing efforts for the property.

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913 Houston Street
Investment salesNewsTexas

Marcus & Millichap Facilitates Sale of 11,760-Square-Foot Retail Property in Fort Worth, Texas

by Abby Cox

Fort Worth, Texas — Marcus & Millichap has facilitated the sale of 913 Houston Street, an 11,760-square-foot vacant retail property in downtown Fort Worth. Situated across from the Fort Worth Convention Center, the three-level building was originally built in 1959 and comprises a basement, main floor and a mezzanine level. Roughly a quarter mile from 913 Houston Street, approximately $2 billion of new construction is underway, including a $350 million campus for Texas A&M University and a $200 million expansion of the Omni Fort Worth Hotel. Joe Santelli of Marcus …

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Company newsNewsTexas

IKEA Expands with Three Small Format Store Locations in Texas

by Abby Cox

Conshohocken, Pa. — Swedish home furnishings retailer IKEA is expanding to Texas with three small format stores, dubbed “city stores.” The first store, a 35,000-square-foot outpost will open this spring at San Mar Plaza in San Marcos, Texas, while a second store in Rockwell, Texas — which will comprise 108,875 square feet — is scheduled to open in December, according to CultureMap Dallas. IKEA Dallas – University Park, the third small-format store, will be located at The Shops at Park Lane in Dallas, which is scheduled to open in late …

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Lone Oak Shopping Center
Grocery-anchoredInvestment salesNewsTexas

Sembler Company, Forge Capital Partners Acquire 104,485-Square-Foot Retail Center in San Antonio

by Abby Cox

San Antonio — The Sembler Co. and Forge Capital Partners have acquired Lone Oak Shopping Center, a 104,485-square-foot retail center located in San Antonio. The partnership purchased the property for an undisclosed price through its Forge Real Estate Partners V (FREP) investment fund. The retail center — which was fully leased at the time of sale — is anchored by an H-E-B grocery store. Additional tenants at the property include Citi Trends, Hibbett Sports, The Smile Center, H&R Block, Metro by T-Mobile, Little Caesars and Ace Cash Express. Sembler Co. …

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Independence Square
Grocery-anchoredInvestment salesNewsTexas

JLL Facilitates Sale of 140,218-Square-Foot Retail Property in Plano, Texas

by Abby Cox

Plano, Texas — JLL Capital Markets has facilitated the sale of Independence Square, a 140,218-square-foot retail property located in Plano. Situated on 13.8 acres, the center was built in 1977 and renovated in 2005. The property — which was 93 percent leased at the time of sale — is anchored by Tom Thumb. Additional tenants at the center include Anytime Fitness, Oscar Nail Lounge, Kids B Kids and Jersey Mike’s. Chris Gerard, Erin Lazarus, Barry Brown and Adam Howells of JLL Capital Markets Investment Sales and Advisory team represented the …

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Lucas, Texas
DevelopmentGrocery-anchoredNewsTexas

Younger Partners Brokers Sale of 42-Acre Site in Lucas, Texas

by Abby Cox

Lucas, Texas — Younger Partners has brokered the sale of a 42-acre parcel of land in Lucas, roughly 30 miles northeast of Dallas, to Lucas Crossing Ltd., an affiliate of Dallas-based Malouf Interests. According to Younger Partners, the buyer intends to develop a 130,000-square-foot grocery-anchored shopping center, a 25,000-square-foot restaurant village with 15 adjacent pad sites and a community park on the site. Construction for the project is scheduled to begin in the fourth quarter of 2025, with completion anticipated for 2026. Michael Ytem and Tom Grunnah of Younger Partners represented …

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LBJ East Shopping Center
Investment salesNewsTexas

STRIVE Arranges Sale of 34,074-Square-Foot Shopping Center in Garland, Texas

by Abby Cox

Garland, Texas — STRIVE has arranged the sale of LBJ East Shopping Center, a 34,074-square-foot shopping center located in the Dallas suburb of Garland. The property was fully leased at the time of sale. Jack Hicks and Hudson Lambert of STRIVE represented the seller and sourced the local Texas-based buyer. Additional terms of the sale were not disclosed.

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1129-1141 East 11th Street
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 10,578-Square-Foot Retail Property in Houston

by Abby Cox

Houston — Marcus & Millichap has brokered the sale of a 10,578-square-foot retail property located in Houston. Situated at 1129-1141 East 11th Street, the property was fully leased at the time of sale to tenants including Three Dog Bakery and Republic Boot Co. Justin Miller represented the seller, a Houston-based developer, in the transaction.

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Greenville Promenade
Investment salesNewsTexas

STRIVE Arranges Sale of 220,482-Square-Foot Power Center in Metro Dallas-Fort Worth

by Abby Cox

Greenville, Texas — STRIVE has arranged the sale of Greenville Promenade, a 220,482-square-foot power center located in Greenville, approximately 35 miles northeast of Dallas. Originally built in 1972, the center was fully leased at the time of sale to tenants including Spec’s Wines, Spirits & Foods, Ashley’s Furniture, Petco, Marshall’s, Ross Dress For Less, Belk and Staples. Hudson Lambert and Jennifer Pierson of STRIVE represented the California-based seller, while Harrison Beethe of STRIVE represented the local Dallas-Fort Worth-based buyer in the transaction. Additional terms of the sale were not disclosed. …

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