Irving, Texas — Global convenience store operator 7-Eleven will close more than 400 of its North American stores, according to reports from multiple news outlets including NPR and CBS News. Both news outlets noted that the announcement to shutter some 440 stores throughout the United States and Canada was delivered on Thursday, Oct. 10, during a conference call held by Seven & I Holdings, the Japan-based parent company of 7-Eleven. The company’s U.S. operations are headquartered in Irving, Texas. CBS states that the locations to be shuttered represent roughly 3 percent of 7-Eleven’s total North American …
Manor, Texas — H-E-B has broken ground on a new store in Manor, roughly 15 miles outside Austin. Upon completion, the store will total approximately 101,000 square feet and feature pharmacy pick-up spaces, a large curbside service area, seven-pump fuel station and a car wash. The opening is scheduled for late 2025.
San Antonio — EōS Fitness has signed a new lease at The Shops at Redland Road, a shopping center located in San Antonio. Scheduled to open in 2026, the venue will occupy 40,000 square feet of indoor space and 2,500 square feet of contiguous outdoor space. This marks the beginning of the Dallas-based concept’s expansion into Central Texas.
Baytown, Texas — Fidelis Realty Partners has broken ground on the redevelopment of San Jacinto Mall, a regional shopping mall located roughly 25 miles east of Houston in Baytown. Dubbed San Jacinto Marketplace, the current phase of development will include 500,000 square feet of retail and restaurant space alongside Pelican Green, a public green space. The development in total is expected to span 105 acres and include residential, hospitality and office components upon completion. Fidelis originally purchased 40 acres of the mall property, which opened in 1981, in July 2015 with …
Richardson, Texas — Disney Investment Group (DIG) has brokered the sale of Arapaho Village, a 101,507-square-foot shopping center located in the Dallas suburb of Richardson. Tom Thumb anchors the property, which was roughly 92 percent leased at the time of sale. David Disney and Adam Crockett of DIG represented the seller, WASA Properties, in the transaction. An affiliate of Weitzman acquired the center for an undisclosed price.
Houston — Marquette Cos. has received approval from the Houston Planning Commission for a 20,000-square-foot retail project that will be located near White Oak Music Hall in Houston. The new, single-story building is scheduled for a 2025 delivery and will be marketed to bar, restaurant, coffee shop and other retail users. The development will be situated across the street from Tempo at White Oak, a 304-unit multifamily project currently underway by Marquette.
Houston and Pompano Beach, Fla. — Longpoint Partners has purchased two shopping centers for a total of $45.7 million. The properties — Plaza Mexico in Houston and Palm Aire Marketplace in Pompano Beach, Florida — comprise 103,907 and 143,219 square feet, respectively. El Rancho anchors Plaza Mexico, which was 96 percent occupied at the time of sale, and El Presidente Supermarket anchors Palm Aire Marketplace, which was 90 percent leased at the time of sale. Both properties will be managed under Longpoint’s new Lena Centers brand.
West Palm Beach, Fla. — The West Palm Beach-based Sterling Organization has acquired a portfolio of three shopping centers for $180.5 million. The portfolio was purchased on behalf of the value add fund investment vehicle Sterling Value Add Partners IV L.P. ,and SITE Centers was the seller. The properties include Fairfax Towne Center in Fairfax, Virginia; Presidential Commons in Snellville, Georgia; and Village at Stone Oak in San Antonio. Safeway anchors Fairfax Towne Center, which totals 253,392 square feet. Other tenants at the property include T.J. Maxx, Regal Cinemas and JOANN …
Spring, Texas — Hanley Investment Group Real Estate Advisors has arranged the sale of a 14,490-square-foot single-tenant property located in Spring, a suburb of Houston. Built in 2001, the building is situated within a Kroger-anchored shopping center. Walgreens occupies the property. Kevin Fryman, Garrett Wood and Ed Hanley of Hanley, in association with ParaSell Inc., represented the seller, a Houston-based private investor. Melissa Brams of Gerber Realty represented the buyer, a Louisiana-based private investor.
Seguin, Texas — A joint venture between Collett & Associates and the Alexander Family will develop a $25 million retail project in Seguin, roughly 35 miles outside San Antonio. Upon completion, the development will comprise more than 135,000 square feet of retail space. Tenants at the property will include Hobby Lobby, Five Below, James Avery and an undisclosed sporting goods retailer, among others. Construction is scheduled to begin by the end of 2024, with openings scheduled for fall 2025.