Texas

Company newsNewsRetailersTexas

Pier 1 Imports to Shutter Up to 450 Stores

by Alex Tostado

Fort Worth, Texas — Pier 1 Imports Inc., a home goods retailer based in Fort Worth, has announced its intention to shutter up to 450 stores, which represents nearly half of its current store count of 936. The retailer also plans to close a select number of distribution centers and reduce its corporate expenses, which includes corporate layoffs. Pier 1 says that its efforts will help right-size the company’s omni-channel operations and allow it to move forward with an “appropriately sized store footprint.” Pier 1 has hired a third-party liquidator …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

JLL Brokers Sale of Gold’s Gym-Anchored Shopping Center in San Antonio

by Alex Tostado

San Antonio — JLL has arranged the sale of Shops at Walzem, a 55,526-square-foot shopping center in San Antonio anchored by Gold’s Gym. The retail property is located at 7650 FM 78, three miles from Randolph Air Force Base on the east side of San Antonio. The tenant roster at Shops of Walzem includes Beauty Supply, Iglesia Pentecostal and Sun Sews Alterations. Aaron Johnson, John Taylor, Chris Murphy and Ross Crawford of JLL represented the seller, Gold’s Gym, in the transaction. Mark Sher of KW Commercial represented the undisclosed buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

Cravey Brokers Sale of 90,768-Square-Foot Huntington Square Shopping Center in Corpus Christi

by Alex Tostado

Corpus Christi, Texas — Cravey Real Estate Services has brokered the sale of Huntington Square, a 90,768-square-foot shopping center in Corpus Christi. Shadow-anchored by H-E-B, the center houses tenants such as Dollar Tree, Freedom Fitness, Edward Jones, Jason’s Deli and Pizza Hut. Lynann Pinkham of Cravey Real Estate represented the seller, Hunt Development Ltd., in the transaction. The brokerage firm also procured the buyer, LRIC Corpus Christi LP.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

Dunhill Partners Sells 150,007-Square-Foot Retail Center in Metro Dallas

by Alex Tostado

Little Elm, Texas — Dunhill Partners Inc. has sold Little Elm Towne Crossing, a 150,007-square-foot center in Little Elm. The property is located at 2700 E. Eldorado Parkway, 30 miles north of downtown Dallas. Hobby Lobby and Dollar Tree anchor the property, which was built in 2007 and was 95 percent leased at the time of sale. Other tenants include 24 Hour Fitness, Studio 720 Salon, The Draft House, Hibbett Sports, Monarch Dental, Great Clips, Planet Tan, Choice of India Groceries and Baylor Institute for Rehab. Aaron Johnson, Barry Brown, Chris …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

JLL Negotiates Sale of 63,231-Square-Foot Retail Property in Amarillo, Texas

by Alex Tostado

Amarillo, Texas — JLL has negotiated a 63,231-square-foot retail property in Amarillo. The property sits on 5.1 acres and formerly housed a grocer. Michael Meaden of JLL represented the sellers, MAL Enterprises Inc. and Super Market Developers Inc., in the transaction. Zach Ballenger of CBRE represented the buyer, STORE Capital.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesMassachusettsNewsRetailersTexas

Spirit Realty Capital Acquires 123 Single-Tenant Retail Properties from Service Properties Trust for $435 Million

by Alex Tostado

Newton, Mass. and Dallas — Spirit Realty Capital Inc., a net-lease REIT based in Dallas, has purchased a national single-tenant retail portfolio for $435 million. The portfolio’s seller is Service Properties Trust, a net-lease retail and lodging REIT based in the western Boston suburb of Newton. The portfolio spans 26 states and includes 123 stores leased to 54 different concepts. About a third of the portfolio is leased to restaurants, including Wendy’s, Buffalo Wild Wings, KFC, Skyline Chili, Burger King, Rally’s and Popeye’s. The portfolio’s tenant roster also includes service-oriented …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

NAI Partners Acquires 58,929-Square-Foot Retail Center in Metro Austin

by Alex Tostado

Round Rock, Texas — NAI Partners’ Investment Fund III has acquired Triangle Center, a 58,929-square-foot retail center situated on 4.9 acres in the northern Austin suburb of Round Rock. According to LoopNet Inc., the property was built in 1984. Andrew Pappas and Adam Hawkins of NAI Partners negotiated the deal with Matt Fain of Equitable Commercial Realty, who represented the undisclosed seller. Veritex Community Bank provided acquisition financing.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

Retail Solutions Arranges Sale of 42,084-Square-Foot Crosspointe Shopping Center in El Paso

by Alex Tostado

El Paso, Texas — Retail Solutions has arranged the sale of Crosspointe Shopping Center, a 42,084-square-foot retail property located at 4717 Hondo Pass Drive in El Paso. According to LoopNet Inc., the property was built in 1987 and is situated on 2.5 acres. Chris Duncan of Retail Solutions represented the seller in the transaction. Patrick Gordon of Vista Star Realty represented the buyer. Both the seller and buyer were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentEntertainmentNewsRetailersTexas

Fun Movie Grill to Open 70,000-Square-Foot Venue at Mustang Square in Plano, Texas

by Alex Tostado

Plano, Texas — Fun Movie Grill, an entertainment concept that combines food, bowling, movies and games, will open a 70,000-square-foot venue in Plano. The eight-screen location will be part of Mustang Square, a 36-acre mixed-use development that will include 90,000 square feet of office space, hotels, residential villas and townhomes and a public plaza. Dan Avnery and Stewart Korte of NAI Robert Lynn represented the tenant and the landlord, Thakkar Developers, which broke ground on Phase I of the project in October, in the lease negotiations. The venue, which is …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

The Boulder Group Arranges $9.2 Million Sale of Retail Asset in Houston Net Leased to 24 Hour Fitness

by Alex Tostado

Houston — The Boulder Group, an investment brokerage firm specializing in net-leased assets, has arranged the $9.2 million sale of a single-tenant retail property leased to 24 Hour Fitness in Houston. The 50,000-square-foot building is positioned as an outparcel to Willowbrook Mall, which is anchored by Dick’s Sporting Goods, Dillard’s, JC Penney, Macy’s, Nordstrom Rack, Sears and Apple. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Texas-based private partnership, in the transaction. The buyer was a 1031 exchange investor.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts