Carrollton, Texas — Marcus & Millichap has negotiated the sale of Woodlake Square, an 80,774-square-foot retail center located in the northern Dallas suburb of Carrollton. Woodlake Square was built on 6.7 acres in 1979 and renovated in 2019. Tenants at the property, which was 94 percent leased at the time of sale, include Harbor Freight Tools, LA Fitness and Dollar Tree. Philip Levy of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Levy also procured the buyer, a locally based 1031 exchange investor. Both parties …
Sugar Land, Texas — Department of Wonder, an entertainment concept that combines interactive theater with puzzle-solving and immersive technology, will open a 10,000-square-foot venue at Sugar Land Town Square on the southwestern outskirts of Houston. The opening of the flagship venue is slated for early 2022. Department of Wonder was created by a team of storytellers, technologists, designers and producers with decades of collective experience producing novel forms of digital and interactive entertainment.
Frisco, Texas — JLL has arranged the sale of South Frisco Village, a 227,041-square-foot retail center in Frisco, about 28 miles north of Dallas. Ryan Shore, Chris Gerard, Barry Brown and Jack Copher of JLL represented the seller, InvenTrust Properties Corp. Vista Property Co. acquired the property for an undisclosed price. Built in 2001, South Frisco Village has 28 retail suites. The property was 92 percent occupied at the time of sale by tenants such as Bed Bath & Beyond, Jo-Ann Fabrics, Buy Buy Baby and Painted Tree Marketplace.
Austin, Texas — Whitestone REIT has acquired 89,746 square feet of inline retail space at Anderson Arbor in northwest Austin. The retail space was built in three phases beginning in 2003 and is part of a larger 268,000-square-foot development. The inline space acquired by Whitestone was 91 percent leased at the time of sale to tenants such as Bank of America, Kerbey Lane Café, Austin Emergency Center, SalonRepublic, Great Clips, GNC, The Melting Pot and Double Dave’s Pizzaworks. Whitestone also has the option to purchase an additional undeveloped parcel and …
Richmond, Texas — JLL has negotiated the sale of The Shops of Bella Terra, a 271,157-square-foot regional power center in the southwestern Houston suburb of Richmond. Built in phases between 2008 and 2013, the property was 93 percent leased at the time of sale to tenants such as 24 Hour Fitness, Total Wine & More, Best Buy, Five Below, Ulta Beauty, Chick-fil-A and Whataburger. Barry Brown, Adam Howells, George Cushing, Wendy Vandeventer, Ethan Goldberg and Erin Lazarus of JLL represented the undisclosed seller in the transaction. Colby Mueck, James Brolan …
Keller, Texas — JAH Realty has signed a 32,000-square-foot lease with Planet Fitness at Keller Crossing Shopping Center in Keller, about 17 miles from Fort Worth. William Rosatti represented JAH Realty and Tyler Grisham at Edge Realty Partners represented Planet Fitness in the transaction. Planet Fitness plans to open within the space next year, which was previously occupied by Stein Mart. Keller Crossing is co-anchored by Ace Hardware, Tuesday Morning and Big Lots.
Frisco, Texas — JLL has negotiated the sale of Westside Market, a 93,377-square-foot shopping center located in the northern Dallas suburb of Frisco. Built in 2017 and anchored by a Tom Thumb grocery store with a fueling station, the property was fully leased at the time of sale. Other tenants include Subway, Great Clips, Pure Barre, Today’s Vision, Aqua-Tots Swim School and Ideal Smile & Orthodontics. Chris Gerard and Ryan Shore of JLL represented the undisclosed seller in the transaction. Tabani Group purchased the asset for an undisclosed price.
Pasadena, Texas — NewQuest Properties has arranged the sale of Kroger Junction, an 80,748-square-foot shopping center in the eastern Houston suburb of Pasadena. The center’s namesake tenant operates a store that spans 45,528 square feet and also offers a fueling station. David Luther, Austen Baldridge and Dakota Workman of NewQuest represented the seller, an entity doing business as 2619 Realty Holding LLC, in the transaction. NewQuest also represented the buyer, Farah Investments LLC.
New Caney, Texas — Target will open a 136,000-square-foot store at Valley Ranch Town Center, a 240-acre mixed-use development located in the northeastern Houston suburb of New Caney. The Minneapolis-based retailer joins a tenant roster that includes Kroger, Burlington, Academy Sports + Outdoors, T.J. Maxx, Hobby Lobby and Cinemark Theatres. Karla Smith of SRS Real Estate Partners represented Target in the lease negotiations. Brody Farris represented the landlord, Signorelli Co., on an internal basis. The space is under construction, and a tentative opening date has not yet been established.
Katy, Texas — Weitzman has begun leasing Porter Lake Crossing, a 40,130-square-foot shopping center under construction in the western Houston suburb of Katy. Cornerstone Development Group is developing the project, which will consist of three multi-tenant buildings and a 6,000-square-foot pad site. Construction of the first building is expected to be complete next fall.