Texas

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DevelopmentNewsRestaurantsTexas

Layne’s Chicken Fingers Signs 24 Franchise Agreements, Reaches 50 Units Open

by Abby Cox

Frisco, Texas — Layne’s Chicken Fingers has expanded its footprint to more than 50 operating restaurants and has signed two dozen franchise agreements. In the second quarter of this year, Layne’s celebrated its 50-restaurant milestone in its home state while also laying the groundwork for its California debut with a new 12-unit deal in partnership with tenured IHOP operators. Taylor Thomas, a multi-unit Layne’s and Whataburger franchisee, executed three restaurant openings in 60 days and signed a new agreement to develop 30 Layne’s locations across Oklahoma. Founded in 1994 in College …

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DevelopmentNewsTexas

Big V Property Group, The Seitz Group Break Ground on Rosamond Town Center in Anna, Texas

by Abby Cox

Anna, Texas — Charlotte, North Carolina-based Big V Property Group and Texas-based The Seitz Group have broken ground on Rosamond Town Center, a planned 355,826-square-foot open-air center in the North Texas city of Anna. Rosamond Town Center is a complementary development to Rosamond Crossing, a 175,300-square-foot, Kroger-anchored center that includes additional tenants such as Bank of America and McDonald’s. The overall complex will span approximately 750,000 square feet. Principal Asset Management is providing a combination of developer equity and financing for the project, while Citizens Bank is providing a construction loan.

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Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 11,320-Square-Foot Multi-Tenant Retail Property in Metro Dallas

by Abby Cox

Roanoke, Texas — Marcus & Millichap has brokered the sale of Roanoke Shopping Center, an 11,320-square-foot multi-tenant retail property located in Roanoke, approximately 30 miles northwest of Dallas. Built in 2009, the center is fully leased to Oak and Main, Inzo Italian Kitchen and Baja Cantina under triple-net leases. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both private investors. The terms of the transaction were not disclosed.

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DevelopmentGrocery-anchoredLeasingMixed-useNewsTexas

Signorelli Co. Signs H-E-B to Anchor Commerce District at Valley Ranch in Metro Houston

by Abby Cox

New Caney, Texas — The Signorelli Co. has signed a lease with H-E-B to anchor Commerce District at Valley Ranch, a mixed-use project located within the 1,400-acre Valley Ranch master-planned community in New Caney, roughly 30 miles northeast of downtown Houston. The first phase, dubbed Commerce West, will be anchored by a 120,000-square-foot H-E-B supermarket that is scheduled to open in fall 2027. In addition to H-E-B, Commerce West includes approximately 19,500 square feet of retail space and two outparcel opportunities for complementary restaurants, retail and service-oriented businesses. Commerce East, the …

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Shops at Prosper Trail
Investment salesNewsTexas

YPI Sells 86,698-Square-Foot Retail Center in Metro Dallas

by Abby Cox

Prosper, Texas — Younger Partners Investment (YPI) has sold Shops at Prosper Trail, an 86,698-square-foot retail center located in Prosper, about 35 miles north of downtown Dallas. Built in 2016, Shops at Prosper Trail was fully leased at the time of sale to tenants including Anytime Fitness, Pacific Dental Services, Wingstop and Supercuts, among others, according to LoopNet Inc. Kroger shadow anchors the property. Adam Howells and Erin Myer of JLL represented the seller in the transaction. The buyer was Phillips Edison & Co.

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Grocery-anchoredInvestment salesNewsTexas

DIG Arranges Sale of 167,957-Square-Foot, Kroger-Anchored Shopping Center in Metro Dallas

by Abby Cox

Mesquite, Texas — Disney Investment Group (DIG) has arranged the sale of Towne Crossing, a 167,957-square-foot shopping center located in Mesquite, roughly 15 miles east of Dallas. Kroger anchors the property, which was 92 percent leased at the time of sale to 30 additional tenants including WSS, Citi Trends, CSL Plasma, Kids Empire, LaundroLab and Hertz, among others. Kroger has operated at Towne Crossing since its opening in the early 1990s, and recently executed an early, long-term lease extension. David Disney and Adam Crockett of DIG represented the seller, Phillips …

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The Market at City Park
Investment salesNewsTexas

Reid King Sells 8,024-Square-Foot, Multi-Tenant Retail Property in Houston

by Abby Cox

Houston — Reid King Commercial Real Estate has sold The Market at City Park, an 8,024-square-foot, multi-tenant retail property located in Houston. Built in 2024 on 1.5 acres, the four-suite center was fully leased to Chipotle Mexican Grill, Marble Slab Creamery/Great American Cookies, The UPS Store and TLN Family Dental at the time of sale. The Market at City Park is also shadow anchored by a new Joe V’s Smart Shop grocery store. Chris Gainey and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller. The …

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Investment salesNewsTexas

Cravey Real Estate Negotiates Sale of 8,750-Square-Foot Retail Center in Corpus Christi, Texas

by Abby Cox

Corpus Christi, Texas — Cravey Real Estate Services has negotiated the sale of King’s Court, an 8,750-square-foot neighborhood center located at 7626 Staples St. in Corpus Christi. Constructed in 2005, King’s Court is home to a mix of tenants including Peerless Cleaners, Cali Nails, King’s Barber and Baare BBQ, which recently completed a restaurant buildout and signed a new lease. Patricia Chavez of Keller Williams Heritage represented the buyer, Vista Bella Investments, LP. Lynann Pinkham of Cravey Real Estate Services represented the seller, who has historically overseen leasing for the property …

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Investment salesNewsTexas

Partners Capital Purchases 41,041-Square-Foot Neighborhood Center in McAllen, Texas

by Abby Cox

McAllen, Texas — Partners Capital, the investment platform of Partners Real Estate, has acquired Colonnade of McAllen, a 41,041-square-foot neighborhood center located in the Rio Grande Valley city of McAllen. Built in 2004, Colonnade of McAllen was fully leased at the time of sale. Tenants include Maripoza Boutique, PureLine Nutrition, Queen’s Nails and Sari-Sari Filipino Convenience Store, according to LoopNet Inc. This transaction marks Partners Capital’s second acquisition through its Opportunity Fund VI and the first retail property acquired through the vehicle.

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Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 20,447-Square-Foot Shopping Center in Suburban Houston

by Abby Cox

La Porte, Texas — Marcus & Millichap has brokered the sale of La Porte Plaza, a 20,477-square-foot multi-tenant retail center located in La Porte, approximately 25 miles east of downtown Houston. Justin Miller marketed the property on behalf of the seller, an out-of-state investor, and procured the buyer, a local investor. Built in 2014 on 2.3 acres, La Porte Plaza features a mix of tenants including Dollar Tree, Firehouse Subs, Donald’s Donuts, La Monarca Ice Cream and Taquerias Arandas.

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