Dallas — Two new tenants have signed leases at Alpha Plaza, a 76,229-square-foot retail center located in Dallas. Sherlock’s Escape Rooms and The Aussie Grind Provisions will occupy 4,800 and 2,177 square feet, respectively. Melanie Hughes and Erik Blais of Bradford Commercial Real Estate Services, a partner of CORFAC International, arranged the leases on behalf of the landlord, an entity doing business as Kennington Alpha Plaza LLC.
Mansfield, Texas — Five restaurants have signed new leases at The Shops at Broad, a retail center located in Mansfield. Portillo’s, Outback Steakhouse, Carrabba’s Italian Grill, Boomer Jack’s Grill and Chuy’s are scheduled to open next year at the property. Sam Kartalis of Younger Partners and John R. Weber of Weber & Co. arranged the leases on behalf of the landlord, Trez Capital.
Houston — Marcus & Millichap has arranged the sale of Shoppes at Kingsgate, a 156,343-square-foot retail center located in Houston. Built in 1980 and renovated in 2013, the center was 95 percent occupied at the time of sale. Aldi anchors the property, which is situated within the Kingwood master-planned community. Other tenants include Cell Doc, Binh’s Tailor, Trademark Kitchen & Bath, The Mint National Bank, Schlotzky’s and On the Park Toy Store. Philip Levy and Chris Gainey of Marcus & Millichap represented the seller in the transaction.
San Antonio, Texas — Texas-based fast-casual chain Whataburger has announced plans to expand into South Carolina. Beginning in summer 2024, the brand will open restaurants in Greenville, Mauldin, Irmo, Spartanburg, Anderson, Boiling Springs, Lexington, Duncan and Easley. Current plans include a total of 10 restaurants.
Fort Worth, Texas — Younger Partners has rebranded Crockett Row, a mixed-use development comprising 282,805 square feet across five city blocks in Fort Worth, as Artisan Circle. Tenants include more than 25 dining, wellness and entertainment retailers, and Tierra Mediterranean, La Cabrona, Si Tapas and Rose Couture Nail Bar are scheduled to open at the development in the first quarter of 2024. The rebranding includes plans for redevelopment, which will include the installation of new hydraulic elevators in three parking garages, hardscape improvements in the central courtyard and improvements to lighting …
Grapevine, Texas — STRIVE has arranged the sale of a 4,797-square-foot gas station property located in Grapevine. QuikTrip occupies the property, which was built in 2010. Michael Crovetti and Adam Gottschalk of STRIVE represented the seller, a Kansas-based investor, in the transaction and procured the buyer, a Texas-based investor.
Round Rock, Texas — Desi Brothers Farmers Market will open a 47,814-square-foot store at Round Rock Crossing in Round Rock, roughly 20 miles north of Austin. Britt Morrison and Nick Naumann of Weitzman represented the undisclosed landlord in the lease negotiations. Michael DuBois of Pride Commercial Properties represented Desi Brothers. The opening is scheduled for next year. Other tenants at Round Rock Crossing include Target, Best Buy, Michaels and Salons by JC.
San Antonio — MIMCO has acquired Walzem Plaza, a 182,713-square-foot shopping center located in San Antonio. Tenants at the property include Harbor Freight Tools, 99 Cents Only, Footlocker, WellMed, Citi Trends and Wingstop.
Sandusky, Ohio and Arlington, Texas —Sandusky-based Cedar Fair Entertainment Co. (NYSE: FUN) and Arlington-based Six Flags Entertainment Corp. (NYSE: SIX) have entered into a definitive merger agreement to combine in a merger of equals transaction. The all-stock deal values the combined company at approximately $8 billion, including debt. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Cedar Fair investors will receive one share of common stock for each unit they own, and Six Flags shareholders will receive .58 shares for …
Houston — Activate, an interactive indoor gaming experience, has opened a 9,600-square-foot venue in Houston. Situated within the Katy Fry Center, the space features 11 activity rooms with more than 500 different games and difficulty levels. The brand, which is designed for adult participants, currently has seven additional centers in Atlanta; Chicago; Dallas; Gatlinburg, Tennessee; American Dream, New Jersey; and Louisville and Lexington, Kentucky. Additional venues are scheduled to open this year, including in Birmingham, Alabama.
