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DevelopmentLeasingNewsRestaurantsTexas

Texas Roadhouse Signs 7,926-Square-Foot Lease at Retail Center in Southern Texas

by Hayden Spiess

Weslaco, Texas — Texas Roadhouse will open a 7,926-square-foot restaurant as the anchor tenant at the Shops at N Bridge, a retail center currently under development in Weslaco, near the Mexican border. Garansuay Group broke ground on the development in June 2022. Other tenants will include Freddy’s Frozen Custard & Steakburgers, James Avery, Paris Bakery, Jeremiah’s Italian Ice, Juice US, Benjamin Moore Paints, Cita’s Boutique, Allure Nails & Spa and Stefano’s Brooklyn Pizza. Openings are scheduled to begin this summer.

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DevelopmentNewsTexas

Universal Parks & Resorts Plans 97-Acre Development in Frisco, Texas

by Hayden Spiess

Frisco, Texas — Universal Parks & Resorts has announced plans to open a new theme park on a 97-acre site in the northern Dallas suburb of Frisco. Universal, a division of Comcast Corp., also plans to develop a hotel at the site, which is located east of the Dallas North Tollway and north of Panther Creek Parkway. The proposed park will be smaller than the entertainment giant’s other resort destinations. In addition, the new venue will be designed to be more engaging for younger audiences and will offer interactive and …

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Investment salesNewsTexas

Faris Lee Arranges $8.7 Million Sale of Retail Building in Dallas-Fort Worth Metro

by Hayden Spiess

Euless, Texas — Faris Lee Investments has arranged the $8.7 million sale of an 11,620-square-foot retail building located in the central metroplex city of Euless. The property, which is an outparcel building to the 194-acre Glade Parks Town Center mixed-use development, was fully leased at the time of sale to Sleep Number, Salata, Jersey Mike’s, LoveSac and Total Men’s Primary Care. Jeff Conover and Scott DeYoung of Faris Lee represented the buyer, a family office based in the Midwest that acquired the asset via a 1031 exchange, in the transaction. …

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LeasingMixed-useNewsTexas

Six Tenants to Join Montrose Collective Mixed-Use Development in Houston

by Hayden Spiess

Houston — Six new tenants will join Montrose Collective, a mixed-use development located in Houston. Concepts coming to the property include restaurants Graffiti Raw and Picnik — opening this month and in the spring, respectively — as well as four fitness and beauty tenants. SISU, a med spa, will open in February. Studio BE, Glosslab and Skin Laundry will also open locations this year. Montrose Collective, which currently features 15 retailers and five restaurants, is 97 percent leased with full occupancy expected by the end of 2023.

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Investment salesNewsTexas

Fifth Corner Purchases 46,704-Square-Foot San Antonio Shopping Center

by Hayden Spiess

San Antonio — Fifth Corner has purchased South Bank, a 46,704-square-foot shopping center located in San Antonio on the San Antonio River Walk. Tenants at the property, which was fully leased at the time of sale, include Hard Rock Café, The County Line Bar-B-Q, Paesano’s, Cowboy’s Alamo City Harley-Davidson, Ben & Jerry’s, Howl at the Moon, Merkaba and Fat Tuesday. Chris Gerard, Ryan West, Barry Brown, Erin Lazarus and Megan Babovec of JLL Capital Markets arranged the sale on behalf of the undisclosed seller.

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Investment salesNewsTexas

Palomar Group Brokers $15.4 Million Sale of Retail Center in Waco, Texas

by Hayden Spiess

Waco, Texas — Palomar Group has brokered the sale of Parkdale Commons, a 191,559-square-foot retail center located in Waco. An undisclosed buyer purchased the property for $15.4 million. Built in 1973, the center is anchored by Hobby Lobby. Other tenants include True Value, dd’s Discounts and Drug Emporium. Hobby Lobby and dd’s Discounts are on leases that extend through 2026, and True Value recently committed to a 10-year term. Drug Emporium also recently renewed for five years.

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Palm Beach Tan Expands with At the Beach Acquisition

by Hayden Spiess

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 …

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DevelopmentLeasingNewsTexas

Enson Market to Open 100,000 Square-Foot Store in North Houston

by Hayden Spiess

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.

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LeasingMixed-useNewsTexas

Midway Executes 25,000 Square Feet of New Leases at Houston Center

by Hayden Spiess

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.

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FinanceNewsTexas

Northmarq Arranges Financing for 110,000-Square-Foot Retail Center Near Dallas

by Hayden Spiess

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.

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