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Grocery-anchoredInvestment salesNewsTexas

Marcus & Millichap Arranges Sale of 156,343-Square-Foot Retail Center in Houston

by Hayden Spiess

Houston — Marcus & Millichap has arranged the sale of Shoppes at Kingsgate, a 156,343-square-foot retail center located in Houston. Built in 1980 and renovated in 2013, the center was 95 percent occupied at the time of sale. Aldi anchors the property, which is situated within the Kingwood master-planned community. Other tenants include Cell Doc, Binh’s Tailor, Trademark Kitchen & Bath, The Mint National Bank, Schlotzky’s and On the Park Toy Store. Philip Levy and Chris Gainey of Marcus & Millichap represented the seller in the transaction. 

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Company newsLeasingNewsRestaurantsSouth CarolinaTexas

Whataburger to Open 10 Restaurants in South Carolina

by Hayden Spiess

San Antonio, Texas — Texas-based fast-casual chain Whataburger has announced plans to expand into South Carolina. Beginning in summer 2024, the brand will open restaurants in Greenville, Mauldin, Irmo, Spartanburg, Anderson, Boiling Springs, Lexington, Duncan and Easley. Current plans include a total of 10 restaurants.

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DevelopmentMixed-useNewsTexas

Younger Partners Rebrands Crockett Row in Texas as Artisan Circle

by Hayden Spiess

Fort Worth, Texas — Younger Partners has rebranded Crockett Row, a mixed-use development comprising 282,805 square feet across five city blocks in Fort Worth, as Artisan Circle. Tenants include more than 25 dining, wellness and entertainment retailers, and Tierra Mediterranean, La Cabrona, Si Tapas and Rose Couture Nail Bar are scheduled to open at the development in the first quarter of 2024. The rebranding includes plans for redevelopment, which will include the installation of new hydraulic elevators in three parking garages, hardscape improvements in the central courtyard and improvements to lighting …

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Investment salesNewsTexas

STRIVE Arranges Sale of 4,797-Square-Foot Gas Station Property in Grapevine, Texas

by Hayden Spiess

Grapevine, Texas — STRIVE has arranged the sale of a 4,797-square-foot gas station property located in Grapevine. QuikTrip occupies the property, which was built in 2010. Michael Crovetti and Adam Gottschalk of STRIVE represented the seller, a Kansas-based investor, in the transaction and procured the buyer, a Texas-based investor. 

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LeasingNewsTexas

Desi Brothers Farmers Market to Open 47,814-Square-Foot Store in Metro Austin

by Hayden Spiess

Round Rock, Texas — Desi Brothers Farmers Market will open a 47,814-square-foot store at Round Rock Crossing in Round Rock, roughly 20 miles north of Austin. Britt Morrison and Nick Naumann of Weitzman represented the undisclosed landlord in the lease negotiations. Michael DuBois of Pride Commercial Properties represented Desi Brothers. The opening is scheduled for next year. Other tenants at Round Rock Crossing include Target, Best Buy, Michaels and Salons by JC. 

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Company newsEntertainmentNewsOhioTexas

Cedar Fair, Six Flags Agree to Merge in $8 Billion Deal

by Hayden Spiess

Sandusky, Ohio and Arlington, Texas —Sandusky-based Cedar Fair Entertainment Co. (NYSE: FUN) and Arlington-based Six Flags Entertainment Corp. (NYSE: SIX) have entered into a definitive merger agreement to combine in a merger of equals transaction. The all-stock deal values the combined company at approximately $8 billion, including debt. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Cedar Fair investors will receive one share of common stock for each unit they own, and Six Flags shareholders will receive .58 shares for …

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EntertainmentLeasingNewsTexas

Activate Opens 9,600-Square-Foot Gaming Center in Houston

by Hayden Spiess

Houston — Activate, an interactive indoor gaming experience, has opened a 9,600-square-foot venue in Houston. Situated within the Katy Fry Center, the space features 11 activity rooms with more than 500 different games and difficulty levels. The brand, which is designed for adult participants, currently has seven additional centers in Atlanta; Chicago; Dallas; Gatlinburg, Tennessee; American Dream, New Jersey; and Louisville and Lexington, Kentucky. Additional venues are scheduled to open this year, including in Birmingham, Alabama. 

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Lifetime-Fitness
CaliforniaCompany newsNewsTexas

Realty Income Corp. to Acquire Spirit Realty Capital in $9.3B REIT Merger

by Hayden Spiess

San Diego and Dallas — Realty Income Corp. (NYSE: O) and Spirit Realty Capital Inc. (NYSE: SRC) have entered into an all-stock merger agreement valued at $9.3 billion. The combined company, which will operate under the Realty Income banner, is expected to become the fourth largest REIT on the S&P 500 index with a total enterprise value of $63 billion. Both companies primarily invest in freestanding, net-leased commercial properties. Realty Income boasts a portfolio of 13,100 properties located across the U.S. and Europe, and Spirit Realty owns a portfolio of …

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DevelopmentLeasingNewsTexas

LEVCOR Completes Renovations, Adds Three Tenants to Post Oak Plaza in Houston

by Hayden Spiess

Houston — LEVCOR has completed the redesign of Post Oak Plaza, a retail center located in Houston. Renovations at the property included updates to building and store facades, new lighting elements, upgraded landscaping and widened pathways. Additionally, three new tenants have signed leases at the center. Local Foods, Arhaus and Saatva will occupy 3,016; 22,201; and 4,000 square feet at the property, respectively. Taco Deli, Rakkan Ramen and Bosch/Thermador/Gaggenau are also scheduled to open at the center by the first half of 2024. 

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