Frisco, Texas — SRS Real Estate Partners has arranged the sale of Independence Plaza, a 14,966-square-foot multi-tenant retail center located in Frisco. Built in 2018, the property was fully leased to seven food and service-based tenants at the time of sale. Michael Kaplan of SRS Capital Markets represented the seller, a family office who developed the property, in the transaction. The buyer was a Texas-based private investor.
McKinney, Texas — STRIVE has arranged the sale of 380 North A, a 7,026-square-foot retail property located at W. University Drive in McKinney. Built in 2024, the property was fully leased at the time of sale. Tenants include Fire Bowl Café, Revolution Barbershop and Soccer Corner. Hudson Lambert and Jennifer Pierson of STRIVE represented the seller, a local developer, in the transaction. The 1031 exchange buyer was a local investor. Additional terms of the sale were not disclosed. This transaction marks STRIVE’s 40th property sold in McKinney since 2019.
Houston — Houston-based Midway, in collaboration with 3Edgewood and Parkway, has unveiled plans for Central Park Post Oak, a mixed-use redevelopment project located in Houston’s Uptown District. Formerly Post Oak Central, the co-developers will revitalize the 17-acre campus to include additional retail, new restaurants and green space. Midway and Parkway formed a joint venture to acquire the campus in October 2023 before recently buying out their investment partners. Developed by Gerald D. Hines Interests in the 1970s, the campus currently contains three office buildings totaling 1.2 million square feet and 90,000 square …
Sugar Land, Texas — The Sugar Land Development Corp. and the Sugar Land 4B Corp. have approved $12.5 million in funding for the renovation and modernization of Sugar Land Town Square, the city’s 1.4 million-square-foot downtown mixed-use development. Under the terms of the funding agreement, part of the project will receive upgrades to its communal office and amenity spaces, as well as its landscaping and streetscaping. In addition, another area will see renovations to its entryway, lobby and signage, along with updates to the garden area, new furniture, fixtures and equipment. …
Frisco, Texas — JLL Capital Markets has arranged the sale of Preston Stonebrook, a 53,553-square-foot retail center located in Frisco. Built in 1997, the property was 93 percent leased at the time of sale. Tenants at the center include Plato’s Closet, Emler Swim School, Dogtopia and Horizon Hot Yoga. Adam Howells and Erin Lazarus of JLL’s Investment Sales and Advisory team represented the sellers, Bo Brownlee and Easley Waggoner, Jr., of Venture Investment Partners in the transaction.
Fort Worth, Texas — Marcus & Millichap has brokered the sale of Fossil Creek at Alta Mesa, an 11,228-square-foot shopping center located within the master-planned community of Tavola Park in Fort Worth. Built in 2023, the property sits on 1.4 acres and was fully leased at the time of sale. Tenants at the center include Meza Pizza, REVFIT, Creek Liquor Wine & Cigar, Resort Nail Bar and Stretch Zone. Chris Gainey and Philip Levy of Marcus & Millichap’s Dallas office represented the seller, a Dallas–Fort Worth-based developer, in the transaction. The 1031-exchange …
Dallas — Partners Capital has acquired Kessler Hills Shopping Center, a 102,020-square-foot retail center located in the Kessler Park neighborhood of Dallas. Originally built in 1989, the two-building property is situated on 10 acres. The United Education Institute and Colaw Fitness anchor the center, which was 98.6 percent leased at the time of sale. Partners Capital plans to renovate the property with improved retail frontage along Fort Worth Avenue, monument sign enhancements and upgraded tenant signage. This deal marks the fifth property to be acquired through Partners Capital’s Opportunity V …
Boerne, Texas — Headwall Investments has acquired the Tower at Boerne, a 26,000-square-foot shopping center located in Boerne, roughly 20 miles northwest of San Antonio. This transaction marks the firm’s 18th shopping center acquisition, expanding its portfolio to more than 610,000 square feet across the metro Texas areas of Austin, San Antonio, Dallas-Fort Worth and Houston. The center was fully leased to a mix of food and service tenants including Papa Johns Pizza, Jersey Mike’s, Supercuts, JuiceLand, Buffalo Wild Wings, HOTWORX, Firehouse Subs, AT&T, Salata Salad Kitchen, Red Wing Shoes, T-Mobile, …
Dallas — CIM Group has sold Turtle Creek Village, a 320,000-square-foot mixed-use property located in the Turtle Creek neighborhood of Dallas. The property includes the Offices at Turtle Creek Village, an 18-story, 230,000-square-foot office tower; and the three-building Shops at Turtle Creek Village, a 95,000-square-foot grocery-anchored retail center. CIM Group acquired the property in 2017 and completed a renovation of both the office and retail components, which included upgrades to the office lobby and amenities, as well as newly constructed spec suites. Tenants at the Shops at Turtle Creek Village …
Plano, Texas — A partnership between Indianapolis-based Kite Realty Group and Singapore’s GIC has acquired Legacy West, a mixed-use development located in Plano, for $785 million. According to Kite Realty’s first-quarter earnings report that announced the transaction, Legacy West includes 344,000 square feet of retail space, 444,000 square feet of office space and 782 multifamily units. Invesco Real Estate has been the lead equity partner in Legacy West since the project’s inception in 2014, becoming the majority owner of the development in 2019. Prism Places and Mark Masinter of Open …
