San Antonio — Marcus & Millichap has brokered the $5 million sale of a 12,460-square-foot retail property in San Antonio. Walgreens occupies the property on a net-lease basis. Christopher Pappas and Michael Cardone of Marcus & Millichap represented the seller, an undisclosed partnership, in the transaction. Tim Speck of Marcus & Millichap assisted in closing the deal as the broker of record.
Arlington, Texas — The Home Depot has signed a 35,840-square-foot retail lease renewal at Cooper Street Plaza in Arlington. Brent St. Amant of Hartman Income REIT represented the landlord, Silver Star Properties REIT, in the lease negotiations. The Home Depot was self-represented. Other tenants at the center include UPS, Mattress Firm, OfficeMax, Black Rifle Coffee Co. and State Farm Insurance.
Houston — Hanley Investment Group Real Estate Advisors has brokered the sale of Northwest Crossing Centre, a 180,000-square-foot shopping center located in Houston. Kevin Fryman and Ed Hanley of Hanley, in association with ParaSell Inc., represented the seller, USA Properties Inc. Wu Properties acquired the center for an undisclosed price. Tenants at the property, which was 94 percent leased at the time of sale, include Burlington, Dollar Tree, Marshalls, Planet Fitness, Hibbett Sports, pOpshelf, Chik-fil-A, James Coney Island, Red Lobster and Whataburger.
Plano, Texas — STRIVE has arranged the sale of Jupiter Plaza, an 8,600-square-foot retail strip center located in Plano, on the northern outskirts of Dallas. The property was fully leased at the time of sale to tenants including Taqueria Los Angeles, Nancy’s Beauty Salon and Chuck’s Barber Shop. Hudson Lambert of STRIVE represented the California-based seller in the transaction and procured the Dallas-based buyer.
Spring, Texas — Hanley Investment Group Real Estate Advisors has arranged the sale of Stables Town Center, a 42,800-square-foot shopping center located in Spring, approximately 25 miles north of Houston. Walgreens anchors the property, which was built in 2001. Other tenants at the center include Texas American Title, Elite Spine and Health Center and Coldwell Banker. Kevin Fryman of Hanley, in association with ParaSell Inc., represented the undisclosed seller in the transaction. Wu Properties acquired the property for an undisclosed price.
Friendswood, Texas —Baker Katz has acquired a 20,000-square-foot freestanding retail building in Friendswood, a southeastern suburb of Houston, with plans to reposition the property. According to LoopNet Inc., the building was originally built in 1980 as a pad structure for Baybrook Mall. Ben Brown negotiated the purchase for Baker Katz on an internal basis.
Katy, Texas —Four new tenants will join LaCenterra at Cinco Ranch, a retail center located in Katy, roughly 30 miles west of Houston, with openings scheduled through summer of this year. Restaurants The Crack Shack and Nando’s will lease 4,065 square feet and 2,754 square feet, respectively. One Medical, a primary care practice, will occupy 3,843 square feet, and eyewear brand Warby Parker will open a 2,364-square-foot store at the shopping center.
Frisco, Texas —STRIVE has arranged the sale of The Shops at Eldorado, a 13,522-square-foot retail strip center located in Frisco. Built in 2016, the center was fully leased at the time of sale to tenants including Sugar Boy Donuts, Smoke Central and Discovery Kids Dentistry. Hudson Lambert and Jason Vitorino of STRIVE represented the seller, a Dallas-based developer, in the transaction.
San Antonio — Austin-based brokerage firm Hunington Properties has arranged the sale of a 12,100-square-foot retail building in San Antonio. Constructed in 2021, the building was fully leased to Action Behavior Center at the time of sale. Gigi Gomel of Hunington Properties represented the seller, a Houston-based limited liability company, in the transaction. Luis Garza of Transwestern represented the Alaska-based buyer.
Tomball, Texas — SVN | J. Beard Real Estate’s Greater Houston office has arranged the sale of a single-tenant property located in Tomball, roughly 35 miles northwest of Houston. Spas Unlimited acquired the 3,600-square-foot building for an undisclosed price. Diana Gaines of SVN | J. Beard represented the private seller in the transaction. Spas Unlimited was self-represented.