Dallas and Birmingham, Ala. — Dallas-based real estate investment firm Centennial has acquired the operating platform of Birmingham-based Bayer Properties. Bayer’s management portfolio includes nearly 8 million square feet of open-air fashion, power and neighborhood retail centers, as well as mixed-use properties. The combined organization will utilize the Centennial name and the company’s headquarters will remain in Dallas. Bayer’s Birmingham headquarters will remain operational and will become a regional office for Centennial. Bayer’s president, Jami Wadkins, will join Centennial as Chief Operating Officer immediately upon acquisition. “Centennial’s current portfolio consists primarily …
Plano, Texas — At Home opened three new home decor stores during the month of July. The company’s stores span an average of 100,000 square feet and offer up to 45,000 decor items, including furniture, rugs, wall art and housewares. New openings include a store located at 3400 Calle Cuervo NW in Albuquerque, New Mexico; a store located at 1212 75th St. in the Chicago suburb of Downer’s Grove, Illinois; and a location at 376 Universal Drive in North Haven, Connecticut. The Plano, Texas-based company now boasts a portfolio of …
Georgetown, Texas — Disney Investment Group (DIG) has negotiated the sale of Republic Square, a 113,772-square-foot shopping center located in the northern Austin suburb of Georgetown. At the time of sale, the center was roughly 93 percent leased to a roster of 31 tenants that includes Dollar Tree, Harbor Freight, Starbucks Coffee, Chipotle Mexican Grill and Pizza Hut. David Disney and Adam Crockett of DIG represented the seller, LRIC Properties, in the transaction and procured a California-based private partnership as the buyer.
Highland Village, Texas — JLL Capital Markets has brokered the sale of Bowery Park, a 65,477-square-foot mixed-use property located in the Dallas suburb of Highland Village. Developed in 2018, the center was home to retail and office tenants including Massage Life Center, Baskin Robbins, Sip Stir Coffee House, Good Morning Donuts, Platinum Dermatology, Providence Title, Rhi and Co., Awesome Times, Preferred Pediatrics, CryoNation, Be Legend Gaming and Liquor Land at the time of sale. Adam Howells, Ryan Shore and Matthew Barge of JLL represented the seller, Boulder Peak Capital LLC, in …
Richardson, Texas — Venture Investment Partners has purchased The Shire at CityLine, an 83,256-square-foot office and retail property located in the northeastern Dallas suburb of Richardson. The property was built on 6.2 acres between 2005 and 2006 and was 85 percent leased at the time of sale. Tenants include Sweeney Eye Associates, Dogtopia, Shire Pediatrics, North Texas Dermatology, Anaya’s Seafood, Republic Title, Modern Dental, Ameriprise, Re/Max and Gillespie’s Tavern. Adam Howells, Barry Brown, Jack Copher and Beth Copeland of JLL represented the seller, Standridge Cos., in the transaction.
Humble, Texas — JLL has arranged the sale of Humblewood Shopping Center, a 163,897-square-foot power center located in the Houston-area community of Humble. Chris Gerard, Ryan West and Erin Lazarus of JLL represented the seller, Forge Capital Partners, in the disposition of the property to JBL Asset Management for an undisclosed price. Conn’s and Petco anchor the center, which was home to tenants including Michaels, DSW, Five Below, Texas State Optical, Sketchers, GameStop, Honey Baked Ham, Jason’s Deli, Smoothie King, IHOP, Humble Nails, Gadget MD and Ace Cash Express at …
Houston — JLL Capital Markets has arranged the sale of Market Square at Eldridge, a 262,556-square-foot regional power center in Houston. Chris Gerard, Erin Lazarus, Ryan West and Megan Babovec of JLL represented the seller, Walton Street Capital, in the disposition of the property to Wu Properties. The center was 98 percent leased at the time of sale to tenants including Burlington, Michaels, Party City, PetSmart, Dollar Tree, HomeGoods, T.J. Maxx, Bath & Body Works, Ulta Beauty, Cato, Old Navy and Office Depot.
Euless, Texas — JLL has negotiated the sale of Glade Parks Town Center, a 559,457-square-foot retail power center located in the eastern Dallas suburb of Euless. Built in phases between 2014 and 2018, the property houses tenants such as Dick’s Sporting Goods, Total Wine & More, Cinepolis, Ulta Beauty, Belk, Michael’s, HomeGoods, EoS Fitness, First Watch, Hopdoddy, Daiso, Old Navy, Burlington, DSW and Massage Envy. Barry Brown, Chris Gerard, Ryan Shore, Greyson Fewin and Matthew Barge of JLL represented the seller, a joint venture led by Iron Point Partners, in …
Memphis, Tenn. — Poag Shopping Centers has signed 14 new tenants to properties across its retail portfolio. New tenants include Mayweather Boxing + Fitness, 9292 Korean BBQ and OVME at The Avenue Peachtree City in Peachtree City, Georgia; Nothing Bundt Cakes at The Avenue Viera in Melbourne, Florida; Sola Salon Studios at The Avenue West Cobb in Marietta, Georgia; LensCrafters at Deer Park Town Center in Deer Park, Illinois; The Crack Shack, Nando’s, SkinSpirit and The Shade Store at LaCenterra at Cinco Ranch in Katy, Texas; the Museum of Dream Space …
Woodway, Texas — SHOP Cos. has negotiated the sale of Crossroads West Shopping Center, a 36,864-square-foot retail center in Woodway, a suburb of Waco. The property is situated adjacent to an H-E-B grocery store and was approximately 97 percent leased at the time of sale. Tim Axilrod of SHOP Cos. represented the seller, a Texas-based limited liability company, in the transaction. The buyer and sales price were not disclosed.