Texas

Crandall, Texas — STRIVE has brokered the sale of Parks Plaza, a 9,880-square-foot retail center located in Crandall, roughly 24 miles southeast of downtown Dallas. Built in 2007 on 1.2 acres, the center features a mix of local tenants such as Crandall Dental, Tuna’s Barbershop, DNA Wellness Center, Self Love Skin Care and Crandall Beauty Supply. Hudson Lambert, Jack Hicks and Jason Vitorino of STRIVE represented the repeat local seller. Additional terms of the sale were not disclosed.

Converse, Texas — Locally based firm Boomslang Ventures has sold Autumn Heights, a 13,949-square-foot retail center located in Converse, roughly 14 miles northeast of San Antonio. Originally built in 2020 on 2 acres, the center was fully leased at the time of sale. Tenants at the property include Great Clips, Marco’s Pizza, Stella Nails & Spa and Verizon Wireless. Riley Sharman of Northmarq represented the buyer, a Brooklyn-based 1031 exchange investor.

Houston — Northmarq has arranged the sale of Ella Plaza, an 82,073-square-foot shopping center located at 1319 Cypress Creek Parkway in Houston. Advance Auto Parts, CSL Plasma and the Harris County Public Health Department anchor the property, which was 90 percent occupied at the time of sale. Additional nearby retailers include Kroger, AT&T, Starbucks Coffee, Chick-fil-A, Subway, dd’s Discounts, Ross Dress for Less, Wingstop, CVS Pharmacy, Walgreens and Whataburger. Originally built in 2005, the center sits on roughly 7 acres. Riley Sharman of Northmarq’s Investment Sales team represented the 1031 exchange …

Conroe, Texas — Marcus & Millichap has arranged the sale of Conroe Shopping Center, a 51,030-square-foot retail center located in Conroe, roughly 40 miles north of Houston. The 18-suite property, which is shadow anchored by Kroger, features a mix of tenants including Workforce Solutions, GNC, Subway and Wingstop. Bill Dang and Justin Miller of Marcus & Millichap’s Houston office, procured the buyer, a Houston-based investor, in the transaction. CBRE represented the undisclosed seller. The sales price was also not disclosed.

Weslaco, Texas — Optima Investments has acquired Valley Crossing, a 178,594-square-foot retail center located in the Rio Grande Valley city of Weslaco. JC Penney, T.J. Maxx and Petco anchor the center, which was 97 percent leased at the time of sale. Nearby retailers include Walmart Supercenter, Lowe’s, Academy Sports and H-E-B. Mark Witcher, Harrison Tye and Jolie Duhon of CBRE’s National Retail Partners represented the seller, Capcor Weslaco Ltd, in the transaction.