Irving, Texas — Palm Beach Tan Inc. has acquired tanning chain At the Beach, which comprises 58 salons across Oklahoma, Kansas, Southern California and Colorado. The stores will be operated by franchise entities Bronze Body LLC, Old Trinity Partners LLC and West Coast Tanning. Existing At the Beach customer accounts, memberships, sessions, credits and packages will be transferred to Palm Beach Tan, and all At the Beach employees have been offered positions with Palm Beach. This acquisition brings Palm Beach Tan’s total portfolio to 650 franchised and company-owned locations across …
Houston — Enson Market, an Asian grocery concept, will open a 100,000-square-foot store in North Houston. The site is located within a 200,000-square-foot vacant shopping center. An affiliate of the company, an entity doing business as Pacific Square of FM LLC, purchased the center with plans to implement capital improvements and lease the remaining 100,000 square feet. Ryan Neyland of Davis Commercial Real Estate represented the seller, Copper Leaf LLC, in the transaction. Casey Ward of CRW Commercial represented the buyer.
Houston — Midway has arranged leases with six tenants at CITYCENTRE, a mixed-use development located in Houston featuring shopping, dining, office and entertainment space. The new leases total 25,000 square feet and bring the retail space at the center to 90 percent occupancy. Restaurant Daily Gather, Nike Live, Epic-Cycles bicycle shop, Tempur-Pedic and western brand Tecovas opened at the center this year. Orthodontists Smile Doctors will also open a location at the property soon.
Carollton, Texas — Northmarq has arranged permanent financing for Carrollton Park Village, a 110,000-square-foot shopping center located in Carrollton, roughly 20 miles northwest of Dallas. Phillip Bankhead of Northmarq secured the 15-year permanent-fixed loan on behalf of the borrower, Vista Property Company. Genworth Financial provided the financing. Built in phases from 1965 to 1987, the property comprises five buildings situated on 10 acres. Tenants at the center include dd’s Discounts, Dollar General and Hibbett Sporting Goods.
NewQuest Properties Arranges Sale of 130,525-Square-Foot Tradewinds Shopping Center in Metro Houston
Texas City, Texas — NewQuest Properties has arranged the sale of the 130,525-square-foot Tradewinds Shopping Center, located southeast of Houston in Texas City. At the time of sale, the property, which sits on 11.5 acres, was roughly 40 percent leased to tenants including DD’s Discount, Family Dollar, Texas First Bank and Little Caesars. David Luther of NewQuest represented the seller, a limited partnership, in the transaction. Dakota Workman, also with NewQuest, represented the buyer, an entity doing business as 2020 Harwin 59 Shopping Center Ltd.
Austin, Texas — Austin-based Inspire Development has started construction of Pearson Ranch, a $2 billion, 156-acre mixed use project located off State Highway 45 in northwest Austin. The master plan for the project includes 48 acres of land for a corporate campus, including 2.6 million square feet of office space. Upon completion, the mixed-use property will also include approximately 200,000 square feet of retail, restaurant, and community and cultural spaces; two hotels; thousands of residential units; and 30 acres of park space. Construction on Pearson Ranch will begin with The …
Victoria, Texas —Dunhill Partners has purchased Northcross Shopping Center, a 206,284-square-foot retail center located in Victoria, roughly 100 miles northeast of Corpus Christi. JLL Capital Markets has arranged the sale of the property, which was 91 percent leased at the time of sale. Tenants at the property include Ashley Furniture, Office Depot, Tuesday Morning, Dollar General and Dollar Tree. Adam Howells, George Cushing, Matthew Barge and Cole Sutter of JLL represented the undisclosed Dallas-based seller in the transaction.
Austin, Texas and San Antonio— JLL Capital Markets has secured acquisition financing for two retail centers, both in Texas. CW Sheehan, Kaitlin Kane and Hunt Wood of JLL arranged the five-year, fixed-rate loan on behalf of the borrower, Door Capital Partners. The first property, 3701 Guadalupe, comprises 6,991 square feet in Austin in the center of off-campus University of Texas student housing. Built in 1976, the center was 100 percent leased at the time of sale to tenants including Domino’s, Walgreens, Smile Haus, Body Brite and Evo Performance. The second …
Webster, Texas — Kimco Realty has negotiated two leases with Kura Sushi, a technology-enabled Japanese restaurant, and specialty meat concept Wild Fork at The Shops at Baybrook. The center is under construction in the southeastern Houston suburb of Webster. Hannah Tosch, Wade Greene, Cody Persyn and Kimberly Lenardson of Colliers represented Kimco in the lease negotiations.
Houston — Jason Baker of Baker Katz has arranged three leases on behalf of EōS Fitness in Texas. Beginning in 2024, EōS will occupy 51,130 square feet at Williams Trace Plaza in Sugar Land. Wendell Nault of Whitestone represented the landlord in the transaction. The gym will also open a 42,000-square-foot location at the Shoppes at the Bridges retail center in Atascocita in 2025. Jarrett Adame with First Hartford Realty represented the landlord in the lease. Clay McDaniel of Excel Commercial Real Estate represented the landlord of The Square at …