Little Elm, Texas —Weber & Co. has announced plans for the development of a 225,000-square-foot shopping center in Little Elm, on the northern outskirts of Dallas. Target will anchor the center, which will be dubbed Bates Town Crossing in honor of the family that originally owned the site. Davidson Bogel Real Estate brokered the sale of the land on behalf of the Bates family and has been retained as the center’s leasing agent. A construction timeline was not announced, but Target plans to open by summer 2026.
Commerce, Calif. — Hilco Real Estate has arranged the $168 million sale of the 99 Cents Only Stores LLC real estate portfolio as part of the retailer’s Chapter 11 bankruptcy proceedings. Founded in 1982, California-based 99 Cents began its liquidation in April 2024, citing rising competition, increased labor costs, challenging logistics and the effects of the COVID-19 pandemic. The portfolio included 44 company-owned properties, as well as 333 store leases and three vacant development parcels. According to Hilco, the portfolio generated significant interest, and 181 asset purchase agreements with non-refundable earnest money deposits …
Fulshear, Texas — JLL Capital Markets has brokered the sale of Shops at Cross Creek, a 24,188-square-foot retail center located in Fulshear. Phillips Edison & Co. acquired the property from Rycore Capital LP for an undisclosed price. Tenants at the center, which was fully leased at the time of sale, include Yen Fulshear, Rightway Dental, Marvelous Clinic, Firehouse Subs and Avis Budget Car. Ryan West, John Indelli and Gianna New of JLL represented the seller in the transaction.
Hurst, Texas — DuWest Realty has arranged the sale of a 16,938-square-foot retail building located in Hurst, northeast of Fort Worth. According to LoopNet Inc., the property was constructed in 1999. Giancarlo Carriero and Scott Rodgers of DuWest Realty represented the seller, De La Vega Development | Capital, in the transaction. Jolink Wallace Commercial acquired the property for an undisclosed price, with plans to redevelop the building for occupancy by western footwear and apparel retailer Boot Barn.
San Antonio — 35 South Capital has acquired The Collection, a 52,000-square-foot retail center situated on 3.8 acres in San Antonio. Tenants at the property include SoLuna, Revolución, Braza Brava Pizzeria, The Union Yoga + Strength, K. Charles & Co. and St. John. An entity affiliated with Lindenmuth Realty LP sold the center for an undisclosed price. This marks 35 South Capital’s second acquisition in San Antonio, following the purchase of King William Center in early 2024.
Fairview, Texas — Revolving Kitchen has opened a 30,000-square-foot food hall at 146 Town Place in Fairview, a northern suburb of Dallas. The food hall will feature 34 fully equipped commercial kitchen spaces ranging in size from 260 to 1,100 square feet. Operators that have already committed to Revolving Kitchen Fairview include Brooklyn Bagels, Chanko Nutrition and Emmy J’s Pizza. Lincoln Property Co. owns the building.
Lewisville, Texas — Marcus & Millichap has brokered the sale of Lake Vista Center, a 21,298-square-foot retail center located in Lewisville, roughly 25 miles northwest of Dallas. Built in 2007, the property comprises two buildings, Tenants at the center include Lucky Smiles, Lewisville Salon Suites and Spa, USCR Taekwondo, Tiff’s Treats, 4Thirteen Kitchen and Sports Bar and Lucky Smoke Shop. Chris Gainey and Philip Levy of Marcus & Millichap represented the seller in the transaction.
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 …
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.”
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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