Katy, Texas — Sporting goods retailer Academy Sports + Outdoors has announced plans to open 160 to 180 new stores over the next five years. Half of the new stores are expected to open in markets where the retailer has an existing footprint. The remaining 80 to 90 stores are planned for new and adjacent markets, with a focus on expanding to smaller and mid-sized markets. The company sees these locations as offering higher opportunities for profit despite lower sales volumes. These openings will increase the Katy-based retailer’s footprint from 282 …
Texas
Arlington, Texas — Trademark Property Co. will redevelop Lincoln Square, a 45-acre shopping center located in Arlington, roughly 14 miles outside Fort Worth. Trademark plans to reposition the property as a mixed-use development and has received approval to rezone the site from the City of Arlington. Construction is scheduled to begin in the second quarter of next year. Upon completion, the first phase of the project — dubbed Anthem — will feature 152,000 square feet of retail and restaurant space, as well as a hotel, apartments and office space. Plans also …
Dallas — H-E-B has broken ground on a 55,000-square-foot Joe V’s Smart Shop in Dallas. Scheduled to open in spring 2025, this marks the second Joe V’s-branded store in the city. Construction is currently underway at the other Dallas location, with an opening scheduled for summer of this year.
San Antonio — A joint venture between Headwall Investments and SageView Partners has acquired The Colonnade Retail Center, a 126,549-square-foot shopping center located in San Antonio. Tenants at the property include Firehouse Subs, Great Clips, The Honey Baked Ham Co., First Watch and PJ’s Coffee of New Orleans. This marks the inaugural purchase for Headwall’s Shopping Center Fund II portfolio, a platform targeting unanchored convenience retail centers in major Texas metros.
Houston — Fast-casual concept Salad and Go has signed four new leases in Texas. The brand will open restaurants at a 44,431-square-foot property in Magnolia and a 30,000-square-foot property in Cypress. Danny Miller of Gulf Coast Commercial Group represented the landlord in both negotiations. Salad and Go has also signed leases in The Woodlands and Bryan. Jacob Weersing of Capital Retail represented the landlord of the Woodlands property in the transaction. Jason Baker, Traci Holman, Lunden McGill and John Frazier of Baker Katz represented Salad and Go in the lease negotiations.
Lake Worth, Texas —Vista Property has purchased Lake Worth Marketplace, a 197,553-square-foot shopping center located in Lake Worth, on the northwestern outskirts of Fort Worth. Built in phases between 2005 and 2007, the center was 93 percent leased at the time of sale to tenants including Kohl’s, Marshalls, Burlington, pOpshelf, Lane Bryant and Bath & Body Works. Barry Brown, Chris Gerard, Erin Lazarus, Keenan Ryan and Ben Pollack of JLL represented the undisclosed seller in the transaction.
Houston — High Five Mini Bar will open this month at Stomping Grounds, a retail development located in the Garden Oaks neighborhood of Houston. Occupying 126 square feet, the bar will mark the debut of the craft cocktail concept by Will Ebarb and Chris Cusack. RE:VIVE Development is the developer and landlord at the property.
McKinney, Texas —Hospitality and entertainment operator Notes Live will open Sunset Amphitheater, a $220 million live music and entertainment venue, in the northern Dallas suburb of McKinney. Situated on a 46-acre site, the venue will have the capacity to house about 20,000 people and will feature more than 250 luxury firepit suites, owners club seats and traditional reserved seats in the middle and lower levels of the bowl. Construction is scheduled to begin before the end of the year, with completion expected in 2026.
Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc., the Los Angeles-based parent company of 17 restaurant concepts, has signed a new development deal to open 20 new Johnny Rockets restaurants across Texas over the next 10 years. The new locations will open in partnership with Brame Holdings LLC, a San Antonio-based private investment company with a portfolio of franchised restaurants and automotive stores. The first of the restaurants is scheduled to open this year.
Nordstrom to Open 26 New Nordstrom Rack Stores
Seattle — Seattle-based retailer Nordstrom has announced plan to open 26 new Nordstrom Rack stores. Openings are scheduled to begin this spring and continue through spring 2025. The sites of the new stores include locations in Arizona, California, Florida, Georgia, Illinois, Indiana, Nebraska, New Jersey, New York, North Carolina, Ohio and Texas.