Houston — JLL Capital Markets has arranged the sale of Uptown Plaza, a 28,000-square-foot retail center located in Houston. Developed in 2002, the property was fully leased at the time of sale. Tenants at the center include CVS/pharmacy, Vision Corner, EG Geller Shoes, Lesley Ann Jewels, Alchemy 43, Fizz Nails and Grotto. Ryan West, John Indelli and Erin Lazarus of JLL represented the undisclosed seller in the transaction. Pine Ridge Real Estate acquired the property for an undisclosed price.
Katy, Texas — Two tenants have signed leases at LaCenterra at Cinco Ranch, a shopping center located in Katy. Kilwin’s, a sweets shop, will occupy a 1,014-square-foot space at the property beginning in the fourth quarter of this year. Nando’s will also open a 2,754-square-foot restaurant at the center in the first quarter of 2024. JLL manages the property.
Fort Worth, Texas — The Woodmont Co. has broken ground on Berkshire Corner, a retail center that will total 12,002 square feet in Fort Worth. Upon completion, tenants at the property will include Jersey Mike’s Subs, Blue Mound Nail Spa, Blue Mount Liquor, Mynt Barbershop and ProSmiles Dental. Jake McCoy and Jack Mock negotiated the leases on behalf of Woodmont on an in-house basis. A construction timeline was not disclosed.
Richmond, Texas — Dallas-based investment sales brokerage firm STRIVE has negotiated the sale of Waterview Town Center, a 13,563-square-foot retail strip center located in Richmond, a southwestern suburb of Houston. Jake Dutson and Adam Gottschalk of STRIVE represented the seller, a locally based developer, in the transaction.
Corpus Christi, Texas — Partners Real Estate has brokered the sale of River Court Shopping Center, a 14,000-square-foot retail strip center in Corpus Christi. Tenants at the property include First Cash Pawn, Pro Cleaners and Hu-Dat Noodle House. Gustavo Torres of Partners Real Estate represented the seller, an entity doing business as KCP River Court, in the transaction.
Deer Park, Texas — Northmarq has brokered the sale of The Shoppes at Town Square, an 11,692-square-foot retail strip center in Deer Park, a suburb of Houston. The center was leased to five tenants at the time of sale. Riley Sharman of Northmarq represented the Florida-based seller in the deal. The buyer was a local 1031 exchange investor. Peters and Michael Borden of Northmarq arranged acquisition financing.
Fort Worth, Texas — Marcus & Millichap has brokered the sale of Sycamore Village Shopping Center, a 26,148-square-foot retail center in Fort Worth. The property is situated on 2.6 acres on the city’s southwest side. Tenants at the property include Cricket Wireless, H&R Block and The UPS Store. Joe Santelli of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was not disclosed.
Irving, Texas — STRIVE has arranged the sale of Irvingate Center, a 29,962-square-foot retail center located in Irving, roughly 14 miles outside Dallas. The property was 86 percent leased at the time of sale. Hudson Lambert and Jason Vitorino of STRIVE represented the Dallas-based seller and procured the buyer, a California-based investor, in the transaction.
Hutto, Texas — EVO Entertainment Group has signed a 53,300-square-foot lease at Townwest Commons in Hutto, with plans to open a cinema, bowling and entertainment venue at the property in 2024. Nathan Nickerson of Common Ground represented the tenant in the leasing negotiations and secured an incentives package with the City of Hutto. Josh Friedlander and David Meyers represented the landlord, NewQuest Properties, on an internal basis.
Arlington, Texas — Largo Capital has arranged a $2.8 million loan for the acquisition of a single-tenant retail property located in Arlington. A car wash fully occupies the newly constructed property on a 20-year lease. The borrower was an undisclosed private investor based in the Northeast.
