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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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Investment salesNewsTexas

NewQuest Properties Arranges Sale of 130,525-Square-Foot Tradewinds Shopping Center in Metro Houston

by Hayden Spiess

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.

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DevelopmentNewsTexas

Inspire Development Begins Construction of $2 Billion Mixed-Use Pearson Ranch Property

by Hayden Spiess

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 …

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Investment salesNewsTexas

Dunhill Partners Acquires 206,284-Square-Foot Shopping Center in Southern Texas

by Hayden Spiess

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.

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FinanceInvestment salesNewsTexas

JLL Arranges Acquisition Financing for Centers Totaling 14,081 Square Feet in Central Texas

by Hayden Spiess

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 …

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LeasingNewsRestaurantsTexas

Kimco Negotiates Two Leases at Shops at Baybrook in Metro Houston

by Hayden Spiess

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.

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LeasingNewsTexas

Baker Katz Executes Three EōS Fitness Leases Totaling 144,260 Square Feet

by Hayden Spiess

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 …

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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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