Texas

Winwood Town Center
Investment salesNewsTexas

JLL Negotiates Sale of 365,559-Square-Foot Winwood Town Center in Odessa, Texas

by Julia Sanders

Odessa, Texas — JLL has negotiated the sale of Winwood Town Center, a 365,559-square-foot regional shopping center located in the West Texas city of Odessa. The property sits on 40.4 acres and was 100 percent leased at the time of sale. Tenants include regional grocer H-E-B, Target, Ross Dress for Less, dd’s Discounts, Office Depot and Michaels. Restaurant users include Chick-fil-A, Jack in the Box and Taco Bell. Chris Gerard, Ryan Shore and Barry Brown of JLL represented the seller, Brixmor Property Group, in the transaction. Colby Mueck, Ryan West …

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DevelopmentNewsTexas

Mesquite City Council Approves Shadow Creek Crossing Retail Project

by Julia Sanders

Mesquite, Texas — The City Council of Mesquite, located east of Dallas, has approved a proposal for the development of a retail project that will be known as Shadow Creek Crossing. Shadow Creek Crossing will be developed on a seven-acre site adjacent to John D. Horn High School that is owned by an entity doing business as LF Gateway LP. At full buildout, Shadow Creek Crossing could span as much as 57,500 leasable square feet across six buildings. A firm construction timeline was not released.

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Investment salesNewsTexas

CTO Realty Growth Buys Shops at Legacy North Retail Center for $72.5 Million

by Julia Sanders

Plano, Texas — CTO Realty Growth Inc. has purchased The Shops at Legacy North, an approximately 236,000-square-foot office and retail center in Plano, for $72.5 million. The property was built on 12.7 acres in 2007 and was 83 percent leased across its office and retail components at the time of sale. The retail portion of the property consists of 121,496 square feet and houses tenants such as Capital Grille, Seasons 52, Mexican Sugar, Benihana and Ra Sushi. The office component spans 114,936 square feet and is home to users such …

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South Plains Crossing
Investment salesNewsTexas

Continental Realty Buys South Plains Crossing Retail Center in Lubbock for $18.2 Million

by Julia Sanders

Lubbock, Texas — Continental Realty Corp. (CRC) has purchased South Plains Crossing, a 144,241-square-foot retail center in Lubbock, for $18.2 million. Anchor tenants at the property, which was built on 12 acres in 1996, include Hobby Lobby (70,000 square feet), alcoholic beverage providers Spec’s Wine, Spirits & Finer Foods (33,000 square feet) and Vision Mart (10,000 square feet). The seller was a partnership between Atlanta-based RCG Ventures and New York City-based DRA Advisors. South Plains Crossing was 94 percent leased to 11 tenants at the time of sale.

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7 Eleven
Investment salesNewsTexas

RealSource Arranges Sale of 4,842-Square-Foot 7-Eleven in Houston

by Julia Sanders

Houston, Texas — RealSource Group has arranged the off-market disposition of a 4,842-square-foot retail property occupied by 7-Eleven, Laredo Taco Co. and a fuel station in Houston. The sales price was not disclosed. Austin Blodgett of RealSource, in association with ParaSell Inc., represented the seller, a private developer based in Houston. Chuck Klein with Cushman & Wakefield represented the buyer, a private investor based in Southern California. 7-Eleven opened at the property in June and occupies the building under a 15-year triple-net lease.

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Investment salesNewsTexas

RealSource Brokers Sale of 7-Eleven in DFW Metroplex

by Julia Sanders

Arlington, Texas — RealSource Group has brokered the sale of a 3,010-square-foot single-tenant retail property in Arlington that is triple-net leased to 7-Eleven. Austin Blodgett of RealSource, along with ParaSell Inc., represented the seller, a private developer based in Houston. Jeremy McChesney of Hanley Investment Group represented the buyer, a 1031 exchange investor based in Southern California. The asset traded at a cap rate of 4.7 percent. The 7-Eleven store, which includes a fuel station, opened on June 10 to mark the beginning of a new 15-year lease.

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Southlake Town Square
LeasingNewsTexas

EVO Entertainment to Open 68,733-Square-Foot Venue at Southlake Town Square

by Julia Sanders

Southlake, Texas — EVO Entertainment, an Austin, Texas-based entertainment concept that combines bowling, movies, games and food and beverages, will open a 68,733-square-foot venue at Southlake Town Square, a 130-acre mixed-use development near Fort Worth. The entertainment center, which is scheduled to open at the end of the year, will be EVO’s first in the Dallas-Fort Worth metroplex. This location will feature a full restaurant and bar with outdoor patio space, seven movie screens, arcade games, bowling lanes, a laser tag arena, rock climbing wall, ropes course and private party …

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Manvel Town Center
DevelopmentNewsTexas

Weitzman Breaks Ground on Phase I of 273-Acre Mixed-Use Project in Suburban Houston

by Julia Sanders

Manvel, Texas — Weitzman has broken ground on Phase I of Manvel Town Center, a 273-acre mixed-use project that will be located at the intersection of State Highways 288 and 6 in Manvel, a southern suburb of Houston. The centerpiece of the initial phase of construction is a 100,000-square-foot H-E-B grocery store that will include a fuel station and a car wash. The store is expected to open late next summer. All told, the development will consist of more than 1 million square feet of retail, entertainment, hospitality, medical and …

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7- eleven
Investment salesNewsTexas

RealSource Arranges Sale of 3,010-Square-Foot 7-Eleven in Arlington, Texas

by Julia Sanders

Arlington, Texas — RealSource Group has arranged the sale of a 3,010-square-foot single-tenant property and fuel station occupied by 7-Eleven in Arlington. The off-market disposition achieved a cap rate of 4.7 percent. Austin Blodgett of RealSource, along with ParaSell Inc., represented the seller, a private developer based in Houston. Jeremy McChesney of Hanley Investment Group represented the buyer, a 1031 exchange investor based in Southern California. The property is located at the signalized intersection of Collins Street and Blue Lake Boulevard at 4016 N. Collins St. 7-Eleven currently occupies the …

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Q2 stadium
DevelopmentNewsTexas

Austin Commercial Completes 20,500-Seat Austin FC Soccer Stadium

by Julia Sanders

Austin, Texas — General contractor Austin Commercial has completed Q2 Stadium, a 20,500-seat soccer stadium for Austin FC, the city’s new Major League Soccer team. The Austin City Council originally approved the development of the stadium, which is situated on a 24-acre site on the city’s north side, in August 2018. Designed by Gensler and owned by Precourt Sports Ventures, the stadium features an outdoor amphitheater and stage for live music, a beer hall with local food and beverage options, large video screens for parties and retail merchandise stores. St. …

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