Texas

Jewel-Osco grocery store

San Diego, Calif. — Kidder Mathews has arranged the $75.9 million sale of a 10-property, single-tenant net leased retail portfolio totaling 322,304 square feet. The portfolio spans five states — including Colorado, Illinois, Nevada, Texas and Wisconsin — and features five Albertsons-guaranteed grocery stores, four auto service centers and one Dutch Bros Coffee shop. Paul Danker of Kidder, along with Scott Reid of Parasell Inc. and John Nesbitt, Kristen Zimmerman and Remy Tams of Designated Broker Solutions, represented the seller, a private investor.

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Pleasanton, Texas — Headwall Investments has sold Gorman Plaza, an 18,000-square-foot retail center in Pleasanton, roughly 36 miles south of San Antonio. Situated along Texas State Highway, the center was 89 percent leased to a mix of tenants including Hibbett Sports, Wingstop, James Avery, Papa Johns Pizza and AT&T at the time of sale. Originally built in 2015, the property sits on 3 acres, according to LoopNet Inc. The buyer and sales price were not released. Since acquiring Gorman Plaza in 2020, Headwall’s portfolio has grown to span the four major metros …

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Killeen Marketplace

Texas and Arkansas — Beechwood, Ohio-based Chase Properties has purchased a 514,983-square-foot retail portfolio of four shopping centers located in Texas and Arkansas. The portfolio includes Southloop Crossing in Lufkin, Texas; Killeen Marketplace in Killeen, Texas; Southcenter Shopping Center in Hot Springs, Arkansas; and Massard Crossing in Fort Smith, Arkansas. Notable tenants at the properties include Ross Dress for Less, Best Buy, T.J. Maxx, Kroger and Hobby Lobby. The portfolio was 97 percent leased at the time of sale. This transaction marks the company’s entry into both states. Adam Howells, …

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The Shops at Greenlawn

Round Rock, Texas — SRS Real Estate has brokered the sale of The Shops at Greenlawn, a 22,970-square-foot retail center located in the Austin suburb of Round Rock. Situated near Dell Technologies headquarters, The Shops at Greenlawn was 92 percent leased to nine tenants including Next Level Urgent Care, Bay Leaf Indian Restaurant, Wow Eyebrows, WiseGuys, Clearview Dental and Arepitas at the time of sale. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS Capital Markets represented the seller, locally based Mathias Partners, in the transaction. The buyer was an …

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The Seam

Dallas — Adolfson & Peterson Construction has begun construction of The Seam, a 160,000-square-foot redevelopment project located in the Dallas Design District. Formerly Oak Lawn Design Plaza, the multi-million-dollar project will provide nearly 50 spaces for retail, restaurants, wellness providers and showrooms. Morris Adjmi Architects (MA) is serving as the design architect for the project, while GFF Design is serving as the architect of record. Construction of the development began in March, and delivery is targeted within a year from the start date. Originally built in the 1970s, improvements to the nine-acre property …

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Shops on Gosling

Spring, Texas — Texas-based Headwall Investments has acquired the Shops on Gosling, a 34,613-square-foot neighborhood shopping center in Spring, 25 miles north of Houston. This transaction marks the firm’s 19th shopping center acquisition for its Texas unanchored shopping center strategy, expanding its portfolio to roughly 645,000 square feet and 200 tenant spaces across the Austin-San Antonio, Dallas-Fort Worth, and Houston markets. Built in 2019, the center is situated adjacent to the master-planned community of The Woodlands. Tenants at the property include Shipley Do-Nuts, Tune Up Salon, Capital Title, Fajita Pete’s and …

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Hawkins Crossing

Longview, Texas — Locally based Scarborough Commercial Real Estate has arranged the sale of Hawkins Crossing, a 16,250-square-foot retail center located at 3052 North Eastman Rd. in Longview. Situated on 2 acres, the property was 93 percent leased to tenants including Louisiana Cajun Kitchen, Fresh Dental and PURE Nail Salon at the time of sale. Stephanie Taylor of Scarborough Commercial represented the seller and sourced the buyer in the transaction.

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7-Eleven

McAllen, Texas — Hanley Investment Group Real Estate Advisors has facilitated the sale of a 2,240-square-foot single-tenant retail property located in McAllen. A 7-Eleven convenience store occupies the site on a 12-year, absolute net lease with 10 percent rental increases every five years. Originally built in 1977, the property has operated as a convenience store for more than 47 years. Garrett Wood and Brad Dessy of Hanley, in association with ParaSell Inc., represented the seller, a New York-based investment company. Blake Wagenseller of Matthews Real Estate Investment Services represented the Northern …

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Dairy Queen

Alice, Texas — Hanley Investment Group has arranged the sale-leaseback of a single-tenant retail property located in Alice. Dairy Queen occupies the 2,608-square-foot building on a 20-year absolute triple-net lease basis which includes 2 percent rent increases every five years. Originally built in 1983 and renovated in 2015, Dairy Queen has operated at this location for more than 30 years. Garrett Wood of Hanley represented the seller, R&L Lozano Leasing, a company doing business as F&P Development. David Bynum of Bynum Inc. represented the buyer, an entity doing business as Susan …

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5000 South Hulen

Fort Worth, Texas — Whitestone REIT has acquired 5000 South Hulen, an 86,907-square foot shopping center in Fort Worth. Located adjacent to Hulen Mall, Old Navy and Barnes & Noble anchor the property, which was 96 percent leased at the time of sale. Additional tenants include Sephora, Old Navy, Potbelly Sandwich Works, Sports Clips, Kincaid’s Hamburgers and Jamba Juice. Chris Gerard, Erin Lazarus and Adam Howells of JLL’s Investment Sales team represented the sellers, Trademark Real Estate and ALTO Real Estate, in the transaction. The acquisition of 5000 South Hulen marks …

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