Texas

DevelopmentLeasingMixed-useNewsTexas

Poké Concept to Open at 35,000-Square-Foot Food Hall Within Downtown Houston’s Capitol Tower

by Katie Sloan

Houston — SeaSide Poké has become the latest addition to the tenant roster at Understory, a 35,000-square-foot food hall and communal gathering spot within developer Skanska’s Capitol Tower office building in downtown Houston. SeaSide Poké, which will occupy approximately 500 square feet within the 9,000-square-foot culinary market, joins East Hampton Sandwich Co., Boomtown Coffee, Mama Ninfa’s Tacos y Tortas, MONA Fresh Italian Food and Flip ‘n Patties as the first six tenants at Understory. Nick Hernandez, Crystal Allen and Lacee Wilke of Transwestern represented Skanska and SeaSide Poké in the …

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LeasingMixed-useNewsTexas

Midway Adds New Retailers to 47-Acre Mixed-Use Development in Houston

by Katie Sloan

Houston — Local developer Midway has signed retail leases with three new tenants at CITYCENTRE, a 47-acre mixed-use development in Houston. New retailers include handbag and accessories retailer Brahmin, which will open a 1,000-square-foot store; City Bank, which will occupy 4,000 square feet; and Tiff’s Treats, which has signed a 1,430-square-foot lease. Lilly Golden and Blair Golden of Evergreen Commercial represented Midway in the lease negotiations. Brad Downs of The Auber Group represented Brahmin, and Jonathan Probst with The Retail Connection represented Tiff’s Treats, both of which are set to open …

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FinanceNewsRetailersTexas

JLL Arranges $10.5 Million Loan for Refinancing of Retail Center in Lubbock

by Alex Tostado

Lubbock, Texas — JLL has arranged a $10.5 million loan for the refinancing of Rockridge Plaza, an 86,500-square-foot retail center located in the West Texas city of Lubbock. The property was 95 percent leased at the time of sale to a mix of national retailers and local businesses. Jimmy Board and Wes Wallace of JLL arranged the fixed-rate, nonrecourse loan through Deutsche Bank on behalf of the borrower, Graco Real Estate Development.

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DevelopmentNewsRetailersTexas

Seritage Breaks Ground on Redevelopment of Former Mall in North Dallas

by Alex Tostado

Dallas — Seritage Growth Properties has broken ground on Park Heritage, a mixed-use project located at the intersection of the LBJ Freeway and Preston Road in north Dallas that could ultimately span as much as 2 million square feet. Seritage is the master developer, and KDC currently plans to develop about 1.1 million square feet of Class A office space. Toll Brothers Apartment Living will construct the first phase of the project’s multifamily component, which calls for roughly 300 units. At full build-out, Park Heritage could span as much as …

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DevelopmentNewsTexas

Essentials PetCare to Include Clinics at Nine Walmart Stores in Dallas Area

by Alex Tostado

Dallas — Essentials PetCare will open nine walk-in clinics in Dallas-Fort Worth area Walmart stores in the coming weeks. Essentials PetCare opened its first Walmart location in 2016 in Port Richey, Florida. In Texas, the clinics will be located in Anna, Cross Roads, Fort Worth, Frisco, Gainesville, Kaufman, Prosper, Royse City and Weatherford. The clinic in Kaufman will open May 22 with the other clinics following in June. The company’s clinics provide routine vaccinations and treatment for a variety of minor illnesses such as ear infections, common skin conditions and urinary issues. More …

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Investment salesNewsRetailersTexas

Global Fund Investments Sells 89,769-Square-Foot Shopping Center in Houston

by Alex Tostado

Houston — Global Fund Investments LLC has sold Beechcrest Shopping Center, an 89,679-square-foot, grocery-anchored shopping center in southwest Houston. The property was fully leased at the time of sale to tenants such as DD’s Discounts, Dollar General, Pizza Hut and Lone Star Title. Ryan West, John Indelli, Charles Strauss and Ethan Goldberg of HFF represented the seller in the transaction. Wu Investments acquired the center for an undisclosed price.

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Investment salesNewsRetailersTexas

Venture Commercial Negotiates Sale of 169,378-Square-Foot Shopping Center in Suburban Fort Worth

by Alex Tostado

Burleson, Texas — Venture Commercial has negotiated the sale of McAlister Square, a 169,378-square-foot shopping center located in Burleson, Texas, a southern suburb of Fort Worth. Anchored by Academy Sports + Outdoors, the property’s tenant roster includes national retailers like FedEx Office, Verizon Wireless and Firehouse Subs. Jonathan Cooper, John Zikos and Don Miller of Venture Commercial represented the seller in the transaction. Kevin McIntosh of KMAC Group Inc. represented the buyer. Both parties requested anonymity.

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Investment salesNewsRetailersTexas

Four Retail Centers in Texas Trade for $90.8 Million

by Alex Tostado

Kyle, Temple, San Antonio and Garland, Texas — Four retail centers spanning more than 634,000 square feet in Texas have sold for a combined $90.8 million. Elm Creek Real Estate and Reserve Development LLC purchased Kyle Crossing, a 121,485-square-foot center in Kyle, 20 miles south of Austin. Target is the anchor tenant at the 16.8-acre property. SITE Centers was the seller. Dallas-based Clearview Investments Ltd. acquired Temple Towne Center in Temple, 70 miles north of Austin. Kimco Realty Corp. sold the 274,799-square-foot property, which is situated on 26.8 acres. In …

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Investment salesNewsRetailersTexas

BCTS Partners Sells 23,080-Square-Foot Retail, Office Property in West Houston

by Alex Tostado

Houston — BCTS Partners LLC has sold Copper Lakes Shopping Center, a commercial property in west Houston that consists of 16,080 square feet of retail space and 7,000 square feet of office space. Copper Lakes was 91 percent leased at the time of sale to tenants such as Fitness 19, Snowflake Donuts, Homebase Pizza and Hollywood Fashion Nails. Austen Baldridge and Brad Elmore of Houston-based NewQuest Properties represented BCTS Partners, which developed the property in 2007, in the sale. The buyer was Parkway Brothers Investment Inc.

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Investment salesNewsRetailersTexas

Marcus & Millichap Negotiates Sale of 5,992-Square-Foot Strip Center in Royse City, Texas

by Alex Tostado

Royse City, Texas — Marcus & Millichap has negotiated the sale of a 5,992-square-foot strip retail center in Royse City, located 45 miles northeast of Dallas. The property was built in 2017 and is leased to Papa John’s, Royse City Urgent Care and Donut Land. Vincent Knipp and Anthony Pucciarello of Marcus & Millichap represented the seller in the transaction. Bill Jordan, also with Marcus & Millichap, represented the buyer, a private investor.

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