Texas

Crow Holdings Forms $2.6 Billion Joint Venture Targeting Shopping Center Investment

by Hayden Spiess May 24, 2023

Dallas — Crow Holdings, through its investment management business Crow Holdings Capital (CHC), has announced a joint venture with an undisclosed global institutional investor focused on retail investment. The $2.6 billion partnership will expand Dallas-based CHC’s investment strategy of acquiring small-format, convenience-oriented open-air shopping centers and was formed through a recapitalization of a $1.8 billion, 173-property portfolio owned by two real estate funds managed by CHC. The platform’s portfolio includes properties located in more than 50 cities across more than 30 states. “We have an incredible opportunity to continue to aggregate …

May 24, 2023

Leasing News Restaurants Texas

Five New Restaurants Totaling 12,089 Square Feet to Open at Katy Grand in Metro Houston

by Hayden Spiess May 23, 2023

Katy, Texas — Five new restaurants totaling 12,089 square feet will open at Katy Grand, a dining and entertainment destination located in Katy, roughly 30 miles west of Houston. Korean Steak House & Bar will lease 4,971 square feet at the development, and Uncle Tetsu and Wushiland Boba will open restaurants comprising 1,050 and 1,405 square feet, respectively. Additionally, Patis & Toyo will occupy 1,533 square feet and Fat Boys Pizza will lease 3,850 square feet. All of the restaurants will join the development — which totals 944,803 square feet — …

May 23, 2023

Development Leasing News Restaurants Texas

Noble 33 to Open Two Restaurant Concepts in Houston

by Hayden Spiess May 19, 2023

Houston — Hospitality group Noble 33 has announced plans to open two restaurant concepts at The Pavilion at The Allen shopping center in Houston. Toca Madera will occupy 11,103 square feet with a seat count of 393, and Meduza Mediterrania will comprise 9,732 square feet with a 289-seat occupancy. The openings are scheduled for this fall and early next year, respectively. Noble 33’s in-house design firm Monochrome Concept oversees both concepts. Abel Design Group will provide architecture and design services and Construction Concepts will handle construction of the restaurants.

May 19, 2023

Investment sales News Texas

JLL Arranges Sale of 195,575-Square-Foot Retail Center in Houston

by Hayden Spiess May 16, 2023

Houston — JLL Capital Markets has arranged the sale of Steeplechase Center, a 195,575-square-foot retail center located in Houston. Tenants at the property, which was 82 percent leased at the time of sale, include Goodwill, Melrose, Citi Trends, Uptown Beauty, Dollar Tree, dd’s Discounts, 99 Cents Only, Big City Wings, Leslie’s Pools, Rent a Center, La Reyna Tortilleria, Kim’s Hair Salon, Imperial Foot Reflexology, Iris Nails and Spa, Nancy’s Tailor, Metro PCS, Pho Town, Checkers and Ostioneria Michoacan. John Indelli and Ryan West of JLL represented the seller, an entity …

May 16, 2023

Leasing Mixed-use News Texas

Four Tenants to Open at Centro Mixed-Use Development in Austin, Texas

by Hayden Spiess May 15, 2023

Austin, Texas — Four new tenants have signed leases at Centro, a mixed-use development spanning two blocks in Austin. Pure Barre, Brooklyn Dumpling Shop, Birds Barbershop and Full Ride Cycling will occupy spaces within 15,000 square feet of ground-floor retail space at the property. Jeremy Smitheal, Win Smith and Bennett Holcomb of Riverside Resources represented the landlord in the leasing negotiations.

May 15, 2023

Investment sales News Texas

SHOP Cos. Brokers Sale of 23,609-Square-Foot Shopping Center in Dallas-Fort Worth Metro

by Hayden Spiess May 12, 2023

Frisco, Texas — SHOP Cos. has brokered the sale of Custer Road Commons, a 23,609-square-foot shopping center located in Frisco, roughly 30 miles north of Dallas. Situated on 4.3 acres, the center was fully leased at the time of sale to tenants including Starwood Café, My Eyelab, Jason’s Deli, Zenith Clinic and Novuskin. Tim Axilrod and Tayler Rose of SHOP Cos. represented the undisclosed seller in the transaction.

May 12, 2023

Development Mixed-use News Texas

Ashlar Development Breaks Ground on $800 Million Whitecap NPI Master-Planned Community in Corpus Christi

by Hayden Spiess May 10, 2023

Corpus Christi, Texas — Developer Ashlar Development LLC and owner Diamond Beach Holdings LLC have broken ground on Whitecap NPI, an $800 million master-planned community on North Padre Island in Corpus Christi. The 240-acre development will serve as the first and only coastal luxury residential and resort destination on the island, according to the development team. Upon full build-out, Whitecap NPI will feature over 600 residential options, including single-family homes, villas, condos and cross-generational housing. The homes, many with canal access for boating and water sports, will be situated in …

May 10, 2023

Westcliff-Shopping-Center-Fort-Worth-Texas

Leasing News Texas

LanCarte Commercial Arranges Leases Totaling 19,745 Square Feet at Retail Center in Fort Worth, Texas

by Hayden Spiess May 10, 2023

Fort Worth, Texas — LanCarte Commerical has arranged leases totaling 19,745 square feet at The Westcliff Shopping Center, a retail center located in Fort Worth. New tenants at the property include Cowtown, Specialist Jewelry Clinic, Fort Worth Dance Academy and Organized Nest. Ben Gehrke and Riley Dow of LanCarte represented the landlord, CTO Realty Growth Inc., in the leasing negotiations.

May 10, 2023

Finance Investment sales News Texas

MMCC Arranges $5 Million Acquisition Loan for Retail Property in McKinney, Texas

by Hayden Spiess May 9, 2023

McKinney, Texas — Marcus & Millichap Capital Corp. (MMCC) has arranged a $5 million acquisition loan for an undisclosed retail property located in the northern Dallas suburb of McKinney. A medical clinic and dollar store anchor the property, which was built in 2020. Adam Pike of MMCC arranged the debt.

May 9, 2023

Finance Investment sales News Texas

Axiom Arranges $6.4 Million Acquisition Financing for Single-Tenant Property in Dallas-Fort Worth Metro

by Hayden Spiess May 8, 2023

Lewisville, Texas — Axiom Capital Corp. has arranged a $6.4 million permanent, fixed-rate loan for the acquisition of a single-tenant retail property located in Lewisville, roughly 30 miles northwest of Dallas. A specialty grocer occupies the 48,427-square-foot building, which is situated on 3.2 acres.

May 8, 2023

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