Waco, Texas — Cinemark has opened a 14-screen movie theater at Cottonwood Creek Market, a 285,000-square-foot shopping center in Waco that is owned by NewQuest Properties. Other anchors at the shopping, dining and entertainment destination, which is located within the 143-acre Cottonwood Creek mixed-use development, include Main Event and Topgolf.
Houston — Levcor has opened five new experience-oriented retail and restaurant tenants at MarqE, a mixed-use development located in Houston’s Spring Branch District. Recent openings include the Van Gogh Immersive Experience, a 23,000-square-foot digital art concept featuring the work of painter Vincent van Gogh; and Selfie Wrld, a selfie museum with a variety of colorful and interactive vignettes, which opened in a 3,404-square-foot space. Science lab Little Beakers has opened in a 6,000-square-foot space; Escape It, an escape room concept, has opened in a 2,572-square-foot space; and Common Bond has …
San Antonio — NewQuest Properties has acquired a 116,404-square-foot shopping center located at 6001 NW Loop 410 in northwest San Antonio. Built on 12.7 acres in 1994, HQ Shopping Center was fully leased at the time of sale to tenants such as Best Buy, Ross Dress for Less, Bed Bath & Beyond and Petco. CBRE represented the undisclosed seller in the transaction.
Richmond, Texas — RealSource Group has arranged the sale of a single-tenant retail property net leased to LA Fitness, located roughly 30 miles outside Houston in Richmond. Austin Blodgett of RealSource, along with ParaSell Inc., represented the seller, a private developer based in Houston. Blodgett and ParaSell also represented the buyer, a private partnership based in Texas. The sales price was not disclosed. The 47,000-square-foot LA Fitness is situated within Waterview Town Center, a 525,000-square-foot retail center that is home to tenants including Academy Sports, At Home, 7-Eleven, Quick Quack …
Lewisville, Texas — Weitzman has arranged the sale of The Shops at Vista Ridge, a 74,837-square-foot retail center located in the northern Dallas suburb of Lewisville. Texas Family Fitness and Harbor Freight Tools anchor the center, which is home to tenants including JC, McAlister’s Deli, Smoothie King and Hobbytown USA. Matthew Rosenfeld, Kevin Butkus and Giovanni Scardino of Weitzman handled negotiations on behalf of the sellers, a partnership between Lamar Cos. and Real Capital Solutions. The buyer was an undisclosed, locally based investment group.
El Paso, Texas — NewQuest Properties has brokered the sale of Sunrise Village Center, a 186,880-square-foot shopping center located near Fort Bliss in El Paso. Sunrise Village Center was originally built in 1957 and was 44 percent leased at the time of sale to tenants including Dollar General, Sally’s Beauty Supply and Black Fridays Daily Discount Store. The buyer, which plans to redevelop the property, was a private investor doing business as JMK5 Holdings LLC. The seller was a family trust and original owner of the property. David Luther, Kelley …
Austin, Texas — Edens has purchased Springdale Shopping Center, a 163,145-square-foot, grocery-anchored retail property in Austin. Regional grocer H-E-B is the anchor tenant at the center, which was fully leased at the time of sale. Other tenants include Ross Dress for Less, dd’s, Dollar Tree, O’Reilly Auto Parts, Subway, KFC and Wingstop. Chris Gerard, Ryan Shore, Clint Coe, Erin Lazarus and Zach Riebe of JLL represented the seller, Forge Capital Partners, in the transaction.
San Antonio — Cushman & Wakefield has arranged the sale of Alamo Ranch, a 464,722-square-foot retail center in San Antonio. The property’s tenants include Best Buy, Dick’s Sporting Goods, Ross Dress for Less, Marshalls, Michaels, Ulta Beauty, PetSmart and OfficeMax. In addition, the center is shadow anchored by Super Target, Lowe’s Home Improvement and J.C. Penney. Margaret Jones, Lane Breedlove, Chris Harden and Kris Von Hohn of Cushman & Wakefield brokered the deal on behalf of the undisclosed seller. Big V Property Group acquired Alamo Ranch for an undisclosed price.
Addison, Texas — General contractor The Beck Group has completed the redevelopment of Prestonwood Place, a 133,353-square-foot shopping center located in the northern Dallas suburb of Addison. Northwood Retail owns the center, which was originally built in 1980 and now houses tenants such as Catapult Health, Mendocino Farms, Biscuit Bar and La La Land Kind Café. The project involved renovation work for 40,000 square feet of façade updates and the conversion of existing retail space into 60,000 square feet of creative office space. The development also transformed a vacant manufacturing …
Taylor, Texas — The Boulder Group has arranged the $2.4 million sale of a 6,912-square-foot retail property that is net-leased to Advance Auto Parts in Taylor, located northeast of Austin. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a private investor based in the Southwest, in the transaction. The undisclosed, West Coast-based buyer completed the deal via a 1031 exchange.