Austin, Texas — Asana Partners has acquired The Arboretum, a nearly 200,000-square-foot neighborhood center located in the Great Hills neighborhood of Austin. Asana plans to renovate the property, introduce activations for community engagement and create a merchandising mix that caters to nearby residents. In addition to refreshing the property, Asana will reconfigure the commons areas to support live music, pop-up retail and community programming; establish new patios for outdoor dining; improve connectivity throughout the property; and replace storefront signage. Site work at The Arboretum will begin this summer, with completion scheduled …
Houston — Headwall Investments has acquired Louetta Retail Center, a 34,128-square-foot retail property located in Houston. Tenants at the center include Chrysolite Aesthetics, Beltone Hearing Care Center, Retina Consultants of Texas, Dogtopia and Medella Urgent Care. Matt Maglothin of Altrue Capital arranged the sale on behalf of Headwall Investments, while Kendall Kerr and Tim Gregory of JLL represented the seller. Louetta Retail Center marks the firm’s 23rd unanchored shopping center acquisition.
The Woodlands, Texas — JLL Capital Markets has arranged the sale and financing of Creekside Village Green, a 74,615-square-foot lifestyle center located in The Woodlands, roughly 30 miles north of Houston. John Indelli, Adam Howells, Ryan West and Dawson Hastings of JLL represented the seller, Kobalt Investment Co., in the transaction. Phillips Edison & Co. was the buyer. Creekside Village Green was 98 percent leased at the time of sale to tenants including Field’s Local Kitchen & Bar, Shogun Japanese Grill & Sushi, Jordan’s Sweet Shoppe, Frutta Bowls, Threadfare Children’s …
Manvel, Texas — Lowe’s Home Improvement will open a 94,000-square-foot store at Manvel Town Center, a 273-acre retail and restaurant district under construction in Manvel, roughly 24 miles south of Houston. Lowe’s will join the 108,000-square-foot HEB grocery store as a co-anchor tenant. Upon completion, Manvel Town Center will comprise 1 million square feet of retail, entertainment, hospitality, medical and office space. Tenants at the center include Chipotle, Whataburger, Jersey Mike’s Subs, Smoothie King, McDonald’s, Teal Ridge Dental Care, Verizon, Memorial Hermann-GoHealth Urgent Care, Great American Cookie, Dunkin’ Donuts/Baskin-Robbins, Supercuts, …
Frisco, Texas — College Station, Texas-based Layne’s Chicken Fingers closed out 2025 with 40 restaurants and 10 new franchise owners in the system, with plans to open a total of 300 units by 2030. Layne’s growth included a 44-unit agreement, a 15-unit expansion by Wisconsin franchise owners and agreements signed by franchisees of other major brands like Wendy’s and Arby’s. Meanwhile, Layne’s posted a 50 percent year-over-year unit increase and a 67 percent increase in systemwide sales, with 2024 systemwide revenue reaching $30 million.
Forney, Texas — EVO Entertainment has broken ground on an 82,000-square-foot entertainment venue in Forney, approximately 20 miles east of Dallas. The new venue, which is scheduled to open this fall, will feature nine theaters, a full-service bar and restaurant, event and conference spaces, as well as an upper-level lounge area. Guests can also expect 22 bowling lanes, more than 125 arcade games, rock climbing walls, a multi-level ropes course, bumper cars and laser tag. The entertainment venue is part of The Village at Gateway, a 120-acre mixed-use development that …
New Braunfels, Texas — SRS Real Estate Partners has brokered the sale of Gruene Heights, a 25,767-square-foot multi-tenant retail center located in New Braunfels, approximately 30 miles northwest of San Antonio. Built in 2024 on about 3.5 acres, the center is home to seven tenants including Papa Johns Pizza, Garcia’s Mexican Food Restaurant, Chicken Salad Chick and River Smiles Dentistry. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS Real Estate Partners represented the seller, a San Antonio-based developer, in the transaction. The buyer was a Houston-based private investor.
Richmond, Texas — Local developer NewQuest has broken ground on an 87,502-square-foot retail expansion of The Grand at Aliana, a 650,000-square-foot retail power center in the Houston suburb of Richmond. The new space is preleased to Dick’s Sporting Goods (60,249 square feet) and Havertys Furniture (27,253 square feet). Both stores are expected to open before the end of the year. Matt Reed and Greg Bracchi of SHOP Cos. represented Dick’s Sporting Goods in the lease negotiations. Mark Reeder, Ed Heap, Jonathan Probst and Ryan Johnson of SRS Real Estate Partners …
Richmond, Texas — Florida-based Forman Capital has provided a $37 million construction loan for The Oaks of District West, an 87,244-square-foot retail project located in Richmond, approximately 30 miles southwest of Houston. Developed by Ferguson Family Partners, The Oaks of District West will consist of 10 buildings that are 70 percent preleased, as well as central green space. Tenants that have committed to the project include pickleball concept The PICKLR, Grazia Italian Kitchen, Luckie’s Burger, Pacific Coast Tacos, Virtual Golf Bar and Pecan Jack’s Ice Cream. Daniel Eidson of Concord …
Lake Worth Beach, Fla. and Rowlett, Texas — SRS Real Estate Partners has brokered the $27.4 million sale of two single-tenant retail properties occupied by Crunch Fitness in Lake Worth Beach, Florida and Rowlett, Texas. Matthew Mousavi and Patrick Luther of SRS Real Estate represented both the seller, a multi-state developer, and the buyer, a publicly traded REIT, in the transaction. The first property, located at 3601 Lakeview Parkway in Rowlett, totals 40,000 square feet and sold for nearly $13.8 million. Situated at 4681 Hypoluxo Road in Lake Worth Beach, the …
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