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Grocery-anchoredInvestment salesNewsTexas

Ivy Cos., 35 South Capital Acquire 48,500-Square-Foot Shopping Center in Austin, Texas

by Hayden Spiess

Austin, Texas — A partnership between Ivy Cos. and 35 South Capital has acquired Casis Village, a 48,500-square-foot shopping center located in Austin. Randalls anchors the property, and other tenants include Tarrytown Pharmacy, Starbucks Coffee, Benchmark Bank, Estilo Boutique, Food Food and L Majors Jewelers. Dan Frey of Endeavor Real Estate Group represented the seller, the Bryant Family, which built the center in 1952. Rue Realty will lead leasing efforts at the property. Heritage Title was the title company for the transaction. 

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Investment salesNewsTexas

Partners Real Estate Arranges Sale of 8,000-Square-Foot Single-Tenant Property in Texas

by Hayden Spiess

Fort Stockton, Texas — Partners Real Estate has arranged the sale of an 8,000-square-foot single-tenant property in Fort Stockton. Dollar General occupies the building. According to LoopNet Inc., the property was originally constructed in 1994. The buyer and seller were both undisclosed investment firms. Evan Altemus of Partners brokered the transaction.

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Investment salesNewsTexas

JLL Arranges Sale of 261,730-Square-Foot Shopping Center in Fort Worth, Texas

by Hayden Spiess

Fort Worth, Texas — JLL Capital Markets has arranged the sale of Eastchase Market, a 261,730-square-foot shopping center in Fort Worth. Built in 1995, the property was 92 percent occupied at the time of sale to tenants including AMC Theatres, Ross Dress for Less, Spec’s, Big Lots, Harbor Freight Tools and Marshalls. Adam Howells, Barry Brown and Cole Sutter brokered the sale on behalf of the undisclosed seller. 

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Investment salesNewsTexas

Blue Ox Group Brokers Sale of Four-Tenant Retail Center in Houston

by Hayden Spiess

Houston — The Blue Ox Group has brokered the sale of Centre at Oak Park, a four-tenant retail center located in Houston. Tenants at the property include Jimmy Johns and Smart Financial Credit Union. Burdette Huffman of Blue Ox represented the seller in the transaction, and Gigi Wenjie Wang of The Sunet Group represented the buyer. 

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MacArthur-Park-Irving
Grocery-anchoredInvestment salesNewsTexas

Edens, CBRE Investment Management Buy 425,612-Square-Foot Retail Center in Irving, Texas

by Hayden Spiess

Irving, Texas — A joint venture between Edens and CBRE Investment Management has purchased MacArthur Park, a 425,612-square-foot retail center in Irving. Target, Kroger, Office Depot, T.J. Maxx, Michaels, Ross Dress for Less and Ulta Beauty are anchor tenants at the center, which was built in 2001. 

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Grocery-anchoredInvestment salesNewsTexas

Westwood Acquires 120,000-Square-Foot Retail Center in Dallas

by Hayden Spiess

Dallas — Westwood Financial has acquired Northview Plaza, a 120,000-square-foot retail center located in Dallas. Tenants at the property, which is anchored by Kroger and was 89 percent leased at the time of sale, include Petco and McDonald’s. The transaction was executed directly with the undisclosed seller. 

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DevelopmentEntertainmentLeasingNewsTexas

Flix Brewhouse Signs 40,000-Square-Foot Lease at The Shops at Broad in Mansfield, Texas

by Hayden Spiess

Mansfield, Texas — Flix Brewhouse has signed a 15-year lease to open a 40,000-square-foot theater at The Shops at Broad, a retail center located in Mansfield. Scheduled to open this fall, the venue will feature nine auditoriums and offer in-theater dining service. Sam Kartalis of Younger Partners and John Weber of Weber & Co., who manage the property, negotiated the lease on behalf of the landlord, Trez Capital. 

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Investment salesNewsTexas

JLL Negotiates Sale of Two Shopping Centers Totaling 93,757 Square Feet in Houston

by Hayden Spiess

Houston — JLL has negotiated the sale of two adjacent shopping centers totaling 93,757 square feet in Houston. Sunridge Shopping Center and Westchase Plaza comprise 49,359 and 44,398 square feet, respectively. Ryan West, John Indelli, Clay Anderson and Ryan Olive of JLL represented the seller, Whitestone REIT, in the transaction. An entity controlled by Bridgewell Property Management acquired both properties.

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