Richmond, Texas — NewQuest Properties has broken ground on a 19,000-square-foot, multi-tenant retail building in Richmond, a southwestern suburb of Houston. The building will be part of Phase III of The Grand at Aliana, a 65-acre retail project currently underway by the developer. The new building is 75 percent preleased to tenants including Milano Nails, America’s Best, Five Guys, Dunkin’, Firehouse Subs and Buffalo Wild Wings Go. Openings are scheduled to begin next summer. Costco Wholesale opened a store at the property earlier this year and anchors Phase III of the …
Fort Worth, Texas — Cheeseburger slider chain Smalls Sliders has signed a new, six-unit franchise deal in the Fort Worth metro. Franchisee Brett Stewart will own and operate the restaurants, which are dubbed “Cans.” The first of the new units is scheduled to open in 2025. Locations will include Fort Worth, White Settlement, Weatherford, Granbury, Cleburne and Stephenville. Smalls Sliders was founded in 2019 and now has a portfolio of more than 300 restaurants currently open or under development.
San Antonio, Texas — Ziff Real Estate Partners (ZRP) has sold Castle Hills Market, a 97,682-square-foot retail center located in San Antonio. A Dallas-based private buyer acquired the property for an undisclosed price. John Indelli, Whitney Snell, Chris Gerard and Ryan West of JLL brokered the transaction. ZRP purchased the center in 2020 and has implemented physical enhancements and tenancy upgrades at the property.
Frisco, Texas — Matthews Real Estate Investment Services has arranged the sale of Main Marketplace, a 115,736-square-foot retail center located in Frisco. Situated on 14.7 acres, the property was 97 percent leased at the time of sale. Current tenants at the center include Capriotti’s Sandwich Shop, Flix Brewhouse and Texas Family Fitness. Baylor Worman and Grayson Duyck of Matthews represented the buyer, a private investor, in the transaction. Michael Austry and Jared Aubrey of CBRE represented the seller.
Pasadena, Texas — Headwall Investments has acquired Fairmont Crossing Retail Center, a 29,114-square-foot shopping center located in Pasadena, roughly 15 miles outside Houston. Tenants at the property, which is situated on 3.3 acres, include Red Wing Shoes, Thriveworks, Just Love Coffee, Kirkwood Medical Associates and Fidelity National Title. The property was originally developed in two phases in 2008 and 2012.
Providence Village, Texas — GBT Realty Corp. is underway on the development of Providence Marketplace, a retail center that will total 33,700 square feet in Providence Village, roughly 45 miles north of Dallas. A 23,300-square-foot Sprouts Farmers Market will anchor the property, which will also feature roughly 10,400 square feet of small shop space and three outparcels. GBT acquired the development site in August.
College Station, Texas — PopStroke Entertainment Group has opened 10,000-square-foot, golf-focused entertainment venue in College Station. Designed by Mark Odom Studio, the facility features a centralized courtyard with a full-service bar and kitchen, yard games and outdoor seating with views of the minigolf course. The venue’s four buildings were constructed using shipping containers, with ResCon Group serving as general contractor. PopStroke now operates four venues in Texas.
Austin, Texas — Partners Group and Presidium are underway on the addition of a 65,000-square-foot indoor entertainment venue at River Park, a mixed-use project being developed by the joint venture. A third-party developer and operator will open the venue, which will serve as an anchor for the first phase of River Park and will host live music shows, community events and other programming. Upon completion, River Park will also feature retail, office and residential space, as well as public parks and trails.
Katy, Texas — Four new tenants have signed leases at LaCenterra at Cinco Ranch, a shopping center located in Katy, roughly 30 miles outside downtown Houston. Houston TX Hot Chicken, Fidelity Investments, The Salty Donut and Chewy Vet Care will occupy 4,065; 8,000; 1,329; and 3,002 square feet at the property, respectively. JLL manages the center.
Dallas — Dallas-based Lincoln Property Co. has announced a strategic investment in retail real estate owner and operator Centennial. According to the companies, Lincoln has committed a “significant” amount of capital for the future acquisition and redevelopment of retail and mixed-use developments, which will be jointly owned by Lincoln and Centennial. Lincoln has also invested in Centennial’s operating platform. Centennial, which was founded in 1997 and is also based in Dallas, currently operates more than 23 million square feet of retail and mixed-use properties across 18 states. Whitney Livingston, president of …