Texas

Houston — JLL Capital Markets has arranged the sale of Fairmont Preston Plaza, a 105,869-square-foot shopping center located in southeast Houston. Matt Moake of HighStreet Net Lease Group represented the buyer, JKZ Fairmont Preston, in the transaction. Ryan West, John Indelli, Zamar Salas and Max Myers of JLL represented the seller, Mission Shore Management. Built in 1974 and renovated in 2016, Fairmont Preston Plaza is currently 89 percent leased and is anchored by a 24,000-square-foot Cosmic Air trampoline park and a 26,000-square-foot Planet Fitness. Other tenants at the center include Dollar …

Fort Worth, Texas — Younger Partners Investments has acquired a 375,000-square-foot retail portfolio located at I-35 West and North Tarrant Parkway in Fort Worth. The portfolio, known as Presidio Junction, comprises three neighboring retail properties: Presidio Towne Crossing, Tehama Towne Crossing and Vista Ridge. The fully leased shopping centers are shadow anchored by Target and Costco and feature a mix of additional tenants such as T.J. Maxx, HomeGoods, Ross, Aldi, Petco, Old Navy, Sephora, Shoe Carnival, Five Below, Daiso and Rally House. Developed between 2015 and 2020, the portfolio also includes …

McAllen, Texas — JLL Capital Markets has arranged the sale of Palms Crossing, a 399,075-square-foot, open-air retail center located in the Rio Grande Valley city of McAllen. Barry Brown, Chris Gerard, Claudia Steeb and Erin Lazarus of JLL represented the seller, WPG, in the transaction. The buyer was Winter Park, Florida-based CTO Realty Growth. Situated on nearly 47 acres, Palms Crossing was 98 percent leased at the time of sale to tenants including Hobby Lobby, Restaurant Depot, Best Buy, Burlington, Barnes & Noble and Guitar Center. The property also offers more …

Conroe, Texas — Hollywood, Florida-based JBL Asset Management has acquired Montgomery Plaza, a 315,708-square-foot power retail center located in Conroe, approximately 40 miles north of Houston. Ryan West and John Indelli of JLL’s Investment Sales and Advisory team represented the seller in the transaction. Montgomery Plaza was 94.3 percent leased at the time of sale to tenants including Academy Sports + Outdoors, O’Reilly Auto Parts, Crunch Fitness, Spec’s Wine Spirits & Finer Foods, Petco and Dollar Tree.