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DevelopmentMixed-useNewsTexas

StreetLights Residential Plans $3 Billion The Mix Development in Metro Dallas

by Hayden Spiess

Frisco, Texas — StreetLights Residential has unveiled plans for The Mix, a $3 billion mixed-use project located at the intersection of Dallas Parkway and Lebanon Road north of Dallas’ Platinum Corridor in Frisco. The 112-acre project is set to include 2 million square feet of office space; 375,000 square feet of retail, including a grocery store; a 400-key business hotel and 200-key boutique hotel; and 3 million square feet of residential development. The development will also include a 9-acre central park designed by OJB Landscape Architecture, the landscape firm behind …

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Investment salesNewsTexas

JLL Brokers Sale of 213,416-Sqaure-Foot Shopping Center in Fort Worth

by Hayden Spiess

Fort Worth, Texas — JLL Capital Markets has arranged the sale of The Shops at Chisholm Trail Ranch, a 213,416-square-foot retail center located in Fort Worth. Tenants at the property, which was 97.5 percent leased at the time of sale, include Studio Movie Grill, Ulta Beauty, Old Navy, Ross Dress for Less, Marshalls, Tuesday Morning, Five Below, Famous Footwear, Pet Supplies Plus, James Avery and Crumbl Cookies. Chris Gerard, Barry Brown and Matthew Barge of JLL represented the seller — Street Level Investments — in the transaction. Mazaheri Properties acquired …

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Investment salesNewsTexas

STRIVE Arranges Sale of 8,953-Square-Foot Retail Strip Center in Suburban Fort Worth

by Hayden Spiess

Flower Mound, Texas — STRIVE has arranged the sale of an 8,953-square-foot retail strip center in Flower Mound, a northern suburb of Fort Worth. The property sits at the front of the 158-acre Riverwalk mixed-use development and was fully leased to three tenants at the time of sale. Hudson Lambert of STRIVE represented the seller and procured the buyer, both of which were locally based entities that requested anonymity.

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Investment salesNewsTexas

CBRE Arranges Sale of 214,625-Square-Foot Lake Air Shopping Center in Waco, Texas

by Hayden Spiess

Waco, Texas — CBRE has arranged the sale of Lake Air Shopping Center, a 214,625-square-foot retail property in Waco. At the time of sale, the center was 85 percent leased to tenants including Dollar Tree, Melrose, Tuesday Morning, Twin Liquors, AT&T, Starbucks Coffee and Domino’s Pizza. Blaine Dozier, Jim Batjer, Chris Cozby, Mark Witcher and Harrison Tye of CBRE represented the undisclosed seller in the transaction. Clay Fuller of Coldwell Banker Commercial assisted in closing the deal.

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DevelopmentGrocery-anchoredNewsTexas

Weitzman Completes Renovation of 175,000-Square-Foot Shopping Center in Plano, Texas

by Hayden Spiess

Plano, Texas — Weitzman has completed the renovation of Willow Bend Market, a 175,000-square-foot retail center located in Plano. The center was originally built in 1997 and is anchored by grocer Tom Thumb, and the reconfiguration of that store represented a major piece of the renovation. Bernard Shaw of Weitzman oversaw the project, with Emilie Paulson of Weitzman acting as project leasing agent. Additional upgrades included the enhancement of building electrical systems, parking areas and landscaping, as well as other aesthetic improvements. Willow Bend Market also features an array of …

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DevelopmentLeasingMixed-useNewsRestaurantsTexas

Seven New Tenants Sign on to 60-Acre Development in Houston

by Hayden Spiess

Houston — Magnolia Village, a 60-acre mixed-use development currently under construction in Houston, will see the addition of seven new tenants to its 36-acre first phase. Gulf Coast Commercial Group Inc. has secured leases with Crust Pizza Co., Pacific Dental Services, Taco Bell, McDonald’s, Mister Car Wash, Sports Clips Haircuts and Nails of America. Danny Miller of Gulf Coast represented the landlord in all negotiations. Thomas Holdsworth of Ironbridge Realty Partners also represented the landlord in the agreements with Crust Pizza Co., Pacific Dental Services and Nails of America. Brett …

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FinanceInvestment salesNewsTexas

JLL Negotiates Sale of 938,103-Square-Foot Retail Power Center in Austin

by Hayden Spiess

Austin, Texas — JLL has negotiated the sale of Southpark Meadows, a 938,103-square-foot retail power center in Austin. Built in phases between 2004 and 2008, the center was 95 percent leased at the time of sale to tenants including HomeGoods, Marshalls, Ross Dress for Less, Hobby Lobby, Burlington, Dave & Busters, Best Buy, Five Below and Rooms To Go. Chris Gerard, Barry Brown, Ryan Shore, Robby Westerfield and Cole Sutter of JLL represented the undisclosed seller in the transaction. Chris McColpin and Chris Drew, also with JLL, arranged an undisclosed …

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Investment salesNewsRestaurantsTexas

Weitzman Arranges Sale of 13,562-Square-Foot Retail Strip Center in Metro Dallas-Fort Worth

by Hayden Spiess

Denton, Texas — Weitzman has arranged the sale of a 13,562-square-foot retail strip center in the North Texas city of Denton. The center sits on 1.1 acres at 111 E. University Drive. Tenants include The UPS Store, Taqueria Monterrey and Sangam Indian Restaurant. A local investor sold the property to a California-based limited liability company for an undisclosed price, with both parties requesting anonymity. David Zoller of Weitzman brokered the deal.

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LeasingNewsRestaurantsTexas

Houston Shopping Center Achieves 100 Percent Occupancy

by Hayden Spiess

Houston — The Shops at Arrive Upper Kirby, a 65,000-square-foot retail center located at 3300 Kirby Drive in Houston, has recently signed leases with two new tenants, bringing the center to 100 percent occupancy. Agenda Houston, an urban streetwear store, will lease 3,870 square feet of space; and Haii Keii, a Japanese restaurant, will occupy 2,878 square feet. Crystal Allen and Kim Bernick of Transwestern Real Estate Services (TRS) arranged the leases on behalf of the landlord, an entity doing business as CP5 Kirby Collection LLC, which acquired the property …

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FinanceInvestment salesNewsNorth CarolinaTexas

Northmarq Arranges $9.3 Million Acquisition Financing for Properties in Texas, North Carolina

by Hayden Spiess

Kyle, Texas and Zebulon, N.C. — Northmarq has secured financing for the acquisition of Plum Creek Village and Zebulon Crossing, two retail centers located in Texas and North Carolina. Ory Schwartz of Northmarq arranged the two loans, totaling $9.3 million, through a life insurance company on behalf of an undisclosed individual investor. Financing included $5.25 million for the purchase of Plum Creek Village, a 19,899-square-foot shopping center located in Kyle, Texas. The property is home to tenants including Shipley’s Tropical Smoothie Café and Action Behavior Center. Tenants at the 30,475-square-foot …

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