Texas

Brookleigh Marketplace

Dallas — Dallas-based Crow Holdings has recapitalized a portfolio of 194 retail properties totaling 4.5 million square feet. Crow Holdings Capital (CHC), the firm’s investment management business, arranged the financing. Spanning 30 states, the portfolio is currently 93 percent leased and features approximately 2,000 tenant suites with an average size of roughly 2,250 square feet. This transaction builds on the joint venture CHC had previously formed to acquire small-format, convenience-oriented, open-air, food and service shopping centers. Since 2003, the joint venture has acquired over $220 million in additional properties.

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Republic Square

Georgetown, Texas ­— Disney Investment Group (DIG) has arranged the sale of Republic Square, a 113,772-square-foot neighborhood shopping center located in Georgetown, approximately 27 miles north of Austin. Republic Square features 34 tenants, including Harbor Freight, Dollar Tree, Starbucks Coffee, Chipotle Mexican Grill, Pizza Hut, One Main Financial and Subway. Built in 1974, the property is situated on nearly 73 acres, according to LoopNet Inc. David Disney and Adam Crockett of DIG represented the California-based seller and procured the Texas-based buyer in the transaction. The price was not disclosed.

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Wender Plaza

San Antonio — TSM Ventures Inc. has acquired Wender Plaza, a 63,976-square-foot shopping center located in San Antonio. Sprouts Farmers Market anchors the newly constructed property, which was fully leased at the time of sale. Chace Henke and Micha van Marcke of Edge Capital Markets represented the seller, a regional developer, in the transaction.

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Mission Gateway

Mission, Texas — Irvine, California-based Faris Lee Investments has brokered the sale of Mission Gateway, a 92,117-square-foot retail center located in Mission. Burlington and Murdoch’s Ranch & Home Supply anchor the property on long term leases. Olive Garden and Jack in the Box, which are also located at the center, were not included in the sale. Don MacLellan, Jeff Conover and Scott DeYoung represented the seller, a Texas-based developer, in the transaction. The buyer was an all-cash REIT.

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Sugar Park Plaza

Houston ­— JLL has arranged the sale and financing of Sugar Park Plaza, a 95,032-square-foot neighborhood retail center located in Houston. Renovated in 2016, Sugar Park Plaza features one in-line retail building and three pad sites. Marshalls anchors the center, which was fully leased at the time of sale, and includes a mix of 15 other tenants including Aga’s Restaurant & Catering, Skechers, Chase Bank, ExxonMobil and Magnum Staffing. Sugar Park Plaza was built in 1974 on nearly 30 acres. John Indelli and Ryan West of JLL represented the seller …

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Central Texas Marketplace

Waco, Texas — JLL Capital Markets has negotiated the sale of a portion of Central Texas Marketplace, a 526,000-square-foot power center located in Waco. A James Nix entity doing business as G3C Operating LLC purchased a 181,708-square-foot component of the center, which features Sprouts Farmers Market, Best Buy, Office Depot and Burlington. Adam Howells, Barry Brown, Erin Lazarus and Brennan Fewin of JLL’s Investment Sales and Advisory team represented the seller, Ball Ventures, in the transaction. Built between 2005 and 2015, Central Texas Marketplace is anchored by Cabela’s. Other tenants …

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Rosamond Crossing Southeast

Anna, Texas — A joint venture between Charlotte, North Carolina-based Big V Property Group and Texas-based The Seitz Group is developing a 950,000-square-foot two-center retail project in the north Texas region of Collin County. The first of two open-air shopping centers that will be built is Rosamond Crossing Southeast, a 175,300-square-foot development situated in Anna, a suburb of Dallas. Kroger will anchor the center, which is already 70 percent leased. Additional tenants will include Bank of America, Chase Bank, Jimmy John’s and McDonald’s. Permitting has begun and sitework is expected to …

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Son of a Butcher

Grapevine, Texas — Hanley Investment Group Real Estate Advisors has negotiated the sale of two newly constructed, single-tenant drive-thru retail properties located in Grapevine. Restaurant concept Son of a Butcher occupies a 2,389-square-foot building on a 15-year absolute triple-net ground lease, while Chicago hot dog restaurant Portillo’s occupies a 6,250-square-foot building on a 10.5-year absolute triple-net ground lease. Both properties are a part of a newly developed retail center that also includes additional restaurants such as Firebirds Wood Fired Grill, Rock & Brews and Velvet Taco. Bill Asher and Jeff Lefko …

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Shell Gas Station

Texas — CrownPoint Partners has facilitated the sale-leaseback of a five-property convenience store portfolio in Texas for $27 million. Julius Swolsky and Don Bingham III of CrownPoint Partners represented the seller and the buyer, a Delaware-based private investment group, in the all-cash transaction through Newmark Title Services of Texas in Houston.

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Shops at Stone Creek

Rockwall, Texas — Westwood Financial has acquired the Shops at Stone Creek, an 80,599-square-foot retail center located in Rockwall, approximately 23 miles east of Dallas. A 59,313-square-foot Tom Thumb grocery store anchors the property, which was fully leased at the time of sale. Other tenants include Care Now, Great Clips, Subway and The UPS Store. The property also contains five pad sites that are occupied by Tom Thumb, the Tom Thumb fuel station, Salad and Go, McDonald’s and HTeaO. Barry Brown and Adam Howell of JLL’s Investment Sales and Advisory team …

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