Katy, Texas — Four new tenants have signed leases totaling 13,401 square feet at LaCenterra at Cinco Ranch, a retail center located in Katy, roughly 30 miles outside Houston. Kilwins will open a 1,014-square-foot sweets shop in the fourth quarter of this year, and Nando’s will open a 2,754-square-foot restaurant in January. IKEA and lululemon have also signed leases at the property and will occupy 5,500 and 4,133 square feet, respectively, beginning next year. JLL manages the property.
Cedar Park, Texas — Scheels, an employee-owned sporting goods retailer based in Fargo, North Dakota, plans to open a 240,000-square-foot store in Cedar Park, a northern suburb of Austin. The store will be the retailer’s second “All Sports” location to open in Texas, joining a store at Grandscape in The Colony that opened in 2020. Scheels plans to employ more than 500 associates at the store, most of whom will be local to Cedar Park. The Cedar Park Scheels is the second anchor tenant announced for CedarView, a mixed-use development that …
Friendswood and Katy, Texas — Graycor Construction has completed the renovation of two DICK’S House of Sport stores in Texas. Located in Friendswood and Katy, the spaces comprise roughly 100,000 square feet each and feature a climbing wall, multisport cage and golf simulation. Fox Design was the architect for both projects, which included both interior and exterior updates.
Houston — Three new tenants have signed leases totaling 54,000 square feet at Champions Village, a retail center located in Houston. Lowe’s has opened a 41,453-square-foot store at the property, occupying a former Stein Mart space. Additionally, Hibbett Sports and The Greasy Spoon are both scheduled to open at the center in 2024. First National Realty Partners is the landlord.
Dallas — Blue Owl Real Estate has sold Gallery on the Parkway, a 146,612-square-foot retail center located in Dallas. Tenants at the property, which was developed in 1995, include Nordstrom Rack and Cost Plus World Market. Four Rivers Capital purchased the center for an undisclosed price. Adam Gottschalk of STRIVE arranged the transaction.
Fort Worth, Texas — Disney Investment Group (DIG) has brokered the $14.8 million sale of Westcliff Shopping Center, a 134,750-square-foot retail center located in Fort Worth. Albertsons anchors the property, which was 86 percent leased at the time of sale. DIG represented the seller, CTO Realty Growth, in the transaction and procured the buyer. Partners Capital, the investment platform of Partners Real Estate, acquired the center. Jess Dickie represented Partners on an internal basis, and Independent Financial provided acquisition financing.
Rowlett, Texas — CBRE has arranged the sale of Expo Center, a 28,119-square-foot shopping center located in Rowlett, roughly 20 miles outside Dallas. Situated on 3.4 acres, the property was fully leased at the time of sale. Tenants at the center include Fresenius Medical Care, Golden Pot Chinese and Opa! Greek Taverna. Jared Aubrey and Michael Austry of CBRE represented the seller, Standridge Cos., in the transaction.
Houston, Mont Belvieu and Richmond, Texas — David Littwitz of Littwitz Investments has arranged three restaurant leases totaling 8,733 square feet in Texas. Blue Tuba Euro-Tex Cuisine has signed a 5,141-square-foot lease at the Harold’s Heights retail building in Houston. Additionally, Beaky’s Hot Chicken will open a 2,436-square-foot restaurant at a shopping center currently underway in Mont Belvieu, and Cinnaholic Gourmet Cinnamon Rolls will occupy 1,156 square feet at Waterview Town Center in Richmond. Littwitz represented the tenants in the leasing negotiations.
Tomball, Texas — NewQuest Properties is underway on the development of a $90 million retail center in Tomball, roughly 35 miles outside Houston. Dubbed The Grand at 249, the property will total 404,256 square feet upon completion, including two multi-tenant buildings and 12 pad sites. Tenants at the center will include AT&T, Boomer Jack’s, Gringo’s, Jersey Mike’s, Milano Nails and Two Pho Nine Asian Fusion. Andrew Alvis and Davis Meyers are handling leasing at the development. Openings at the project are scheduled to begin this month.
Euless, Texas — STRIVE has arranged the sale of Euless Town Center, a 239,610-square-foot shopping center located in the Dallas-Fort Worth suburb of Euless. Ross Dress for Less and Aldi anchor the property. Other tenants include iT’Z Family Food and Fun, Dirt Cheap, SKECHERS, Sally Beauty, Mid-Cities Animal Urgent Care and Ichiban Buffet. Hudson Lambert and Jennifer Pierson of STRIVE represented the seller, a California-based investor, in the transaction.