Rosenberg, Texas — IHOP is set to open a 4,588-square-foot restaurant at Brazos Town Center, a 1.8 million-square-foot shopping center located roughly 35 miles west of Houston in Rosenberg.
San Antonio, Texas — GBT Realty Corp. recently acquired a one-acre site in San Antonio for the development of South Park Commons, a 12,600-square-foot retail center. GBT purchased the property from Target for $925,000 on Feb. 21.
Cypress, Texas — An affiliate of United Equities Inc. has sold Fry-529 Retail Center, a 115,000-square-foot retail center located in Cypress, a northwestern suburb of Houston.
Houston, Texas — HFF has arranged $65 million in interim financing for the 307,509-square-foot retail component of CityCentre, a mixed-use development in Houston.
Plano, Texas — Plano-based J.C. Penney Co. Inc. has announced plans to close two distribution facilities and approximately 130-140 stores over the next few months.
Lakeway, Texas — Stratus Properties Inc. has completed the sale of The Oaks at Lakeway, a 236,739-square-foot shopping center located roughly 22 miles outside Austin in Lakeway.
Houston, Texas — Lionstone Investments has sold Renaissance Center, a 97,279-square-foot shopping center located near the Texas Medical Center in Houston.
Austin, Texas — The Travis County Commissioners Court has approved Blakefield LLC’s plans to develop Thomas Ranch, a 2,200-acre master-planned community off Highway 71 and Paleface Ranch Road in Western Travis County near Austin.
Allen, Texas — Vestar has acquired Twin Creeks Marketplace, a grocery-anchored shopping center located in Allen, roughly 25 miles outside Dallas.
Dallas, Texas — Hanley Investment Group has arranged the sale of a 3,377-square-foot Just Brakes location in Dallas, Texas.