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DevelopmentMixed-useNewsTexas

StreetLevel Breaks Ground on 120-Acre Mixed-Use Development in Texas

by Hayden Spiess

Forney, Texas — StreetLevel Investments has broken ground on Village at Gateway, a 120-acre mixed-use development in Forney. Designed by GFF and constructed by general contractor Ridgemont Commercial Construction, the project will be situated within the 2,000-acre Gateway master planned development. The first phase will comprise 500,000 square feet of retail space. A 144,000-square-foot Target will anchor the property, and other tenants will include The Home Depot and H-E-B. The development will also feature nine outparcels, as well as sites for future multifamily residential space. Completion of the first phase is …

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Investment salesNewsTexas

CenterSquare Acquires 22,443-Square-Foot Retail Center in Austin Suburb

by Hayden Spiess

Cedar Park, Texas — CenterSquare has acquired the Shops at Lakeline, a 22,443-square-foot retail center located in the Austin suburb of Cedar Park. The property was fully leased at the time of acquisition. According to a press release issued by the company, the purchase aligns with CenterSquare’s strategy “to target unanchored, high-quality essential service retail (ESR) centers in strong demographic submarkets.” 

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Investment salesNewsTexas

Partners Capital Sells 73,882-Square-Foot Retail Center in San Marcos, Texas

by Hayden Spiess

San Marcos, Texas — Partners Capital, the investment platform of Partners Real Estate, has sold San Marcos Place, a 73,882-square-foot retail center located in San Marcos. An Austin, Texas-based private buyer acquired the property for an undisclosed price. Built in 1985 and renovated in 2017, the center was 82 percent occupied at the time of sale. Cathy Nabours and Kyle Shaffer of SRS Real Estate Partners represented Partners Capital in the transaction. Partners Capital acquired San Marcos Place in June 2018 as part of its Partners Opportunity Fund II. 

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Providence-Plaza_Houston
Investment salesNewsTexas

Marcus & Millichap Arranges Sale, Financing of 90,327-Square-Foot Shopping Center in Houston

by Hayden Spiess

Houston — Marcus & Millichap has arranged the sale and financing of Providence Plaza, a 90,327-square-foot shopping center in Houston. Built in 1984 and renovated in 2018, the property was 97 percent occupied at the time of sale. Tenants at the center include Dollar Tree and Spec’s. Alex Wolansky and Gus Lagos of Marcus & Millichap represented the seller, Whitestone REIT, in the transaction. Jamie Safier of Marcus & Millichap Capital Corp. (MMCC) secured third-party acquisition financing on behalf of the undisclosed buyer. 

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Company newsNewsTexas

Trademark to Manage Leasing at 412,900-Square-Foot Retail Center in Katy, Texas

by Hayden Spiess

Katy, Texas — Trademark Property Co. has been awarded the leasing assignment for LaCenterra at Cinco Ranch, a 412,900-square-foot retail center located in the Houston suburb of Katy. Current tenants at the property, which is situated within the Cinco Ranch master-planned community, include Trader Joe’s, Alamo Drafthouse Cinema, Athleta, CAVA, Lululemon, Lovesac, Warby Parker, Postino, Dish Society, Sephora, Starbucks Coffee, Pure Barre and Nando’s PERi-PERi. Daniel Goldware of Trademark will lead leasing at the center, which is managed by JLL. 

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Paul-Kurzawa
Company newsNewsTexas

Centennial Appoints Paul Kurzawa President

by Hayden Spiess

Dallas — Dallas-based retail real estate owner and operator Centennial has appointed Paul Kurzawa to serve as president of the company. Kurzawa has 25 years of experience in the industry, including tenures with The Blackstone Group, Equity Office Properties, Westfield Corp., Lend Lease Corp., General Property Trust and Caruso. He most recently served as chief operating officer of CenterCal Properties. Current president Whitney Livingston is departing to join the International Council of Shopping Centers (ICSC) as chief operating officer. In addition to its portfolio of owned shopping, dining, entertainment and mixed-use …

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Company newsFinanceNewsRestaurantsTexas

TGI Fridays Files for Chapter 11 Bankruptcy

by Hayden Spiess

Dallas — TGI Fridays Inc., which owns and operates 39 U.S. restaurants, has voluntarily filed for Chapter 11 bankruptcy protection in the Northern District of Texas. The Dallas-based operator cited long-running declines in sales dating back to the pandemic as the main impetus behind the filing. All independently owned and operated franchise locations, both foreign and domestic, are unaffected by the filing. An entity doing business as TGI Fridays Franchisor LLC, which owns the TGI Fridays brand and other intellectual property, was also unaffected. TGI Fridays Inc. has secured a commitment …

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DevelopmentGrocery-anchoredNewsTexas

Retail Connection Breaks Ground on 150,000-Square-Foot Shopping Center in Metro Austin

by Hayden Spiess

Manor, Texas — The Retail Connection, through its affiliate Connected Development Services, has broken ground on a 150,000-square-foot shopping center in Manor, roughly 15 miles outside Austin. Dubbed Manor Crossing, the center will be situated within a 63-acre site that will also house a 101,000-square-foot H-E-B grocery store. The property will comprise four buildings on 18 acres. Tenants at the center will include T.J. Maxx, Burlington, Planet Fitness, Five Below, Rack Room Shoes, Jersey Mike’s, James Avery, McAlister’s Deli, Mattress Firm, Tropical Smoothie Café and Tomlinson’s Feed. Cuaso Design Studio and …

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Investment salesNewsTexas

Marcus & Millichap Arranges Sale of 20,657-Square-Foot Retail Center in Lubbock, Texas

by Hayden Spiess

Lubbock, Texas — Marcus & Millichap has arranged the sale of Fearless Plaza, a 20,657-square-foot retail center located in Lubbock. Tenants at the property include Torchy’s Tacos, Amazon, Barefoot Athletics, Tikka Shack and Hawaii Poke & Ramen. Built in 2012, the center is situated directly across from Texas Tech University. Philip Levy and Chris Gainey of Marcus & Millichap represented the seller in the transaction. 

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Grocery-anchoredInvestment salesNewsTexas

DNA Partners Sells 96,486-Square-Foot Retail Center in Houston

by Hayden Spiess

Houston — DNA Partners has sold Mason Village Shopping Center, a 96,486-square-foot retail center located in Houston. Grocer La Michoacana anchors the center, and other tenants at the property include Harbor Freight, Freebirds, Jiffy Lube and Jason’s Deli. Ryan West, John Indelli and Clay Anderson of JLL Capital Markets represented the seller in the transaction. Longpoint Realty Partners acquired the property for an undisclosed price. 

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