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Sugar Park Plaza
FinanceInvestment salesNewsTexas

JLL Arranges Sale, Financing for 95,032-Square-Foot Sugar Park Plaza in Houston

by Abby Cox

Houston ­— JLL has arranged the sale and financing of Sugar Park Plaza, a 95,032-square-foot neighborhood retail center located in Houston. Renovated in 2016, Sugar Park Plaza features one in-line retail building and three pad sites. Marshalls anchors the center, which was fully leased at the time of sale, and includes a mix of 15 other tenants including Aga’s Restaurant & Catering, Skechers, Chase Bank, ExxonMobil and Magnum Staffing. Sugar Park Plaza was built in 1974 on nearly 30 acres. John Indelli and Ryan West of JLL represented the seller …

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Central Texas Marketplace
Investment salesNewsPower centersTexas

JLL Negotiates Partial Sale of Central Texas Marketplace in Waco, Texas

by Abby Cox

Waco, Texas — JLL Capital Markets has negotiated the sale of a portion of Central Texas Marketplace, a 526,000-square-foot power center located in Waco. A James Nix entity doing business as G3C Operating LLC purchased a 181,708-square-foot component of the center, which features Sprouts Farmers Market, Best Buy, Office Depot and Burlington. Adam Howells, Barry Brown, Erin Lazarus and Brennan Fewin of JLL’s Investment Sales and Advisory team represented the seller, Ball Ventures, in the transaction. Built between 2005 and 2015, Central Texas Marketplace is anchored by Cabela’s. Other tenants …

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Rosamond Crossing Southeast
DevelopmentNewsTexas

Joint Venture to Develop 950,000-Square-Foot Retail Center in Suburban Dallas

by Abby Cox

Anna, Texas — A joint venture between Charlotte, North Carolina-based Big V Property Group and Texas-based The Seitz Group is developing a 950,000-square-foot two-center retail project in the north Texas region of Collin County. The first of two open-air shopping centers that will be built is Rosamond Crossing Southeast, a 175,300-square-foot development situated in Anna, a suburb of Dallas. Kroger will anchor the center, which is already 70 percent leased. Additional tenants will include Bank of America, Chase Bank, Jimmy John’s and McDonald’s. Permitting has begun and sitework is expected to …

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Son of a Butcher
Investment salesNewsTexas

Hanley Investment Group Negotiates Sale of Two Single-Tenant Retail Properties in Grapevine, Texas

by Abby Cox

Grapevine, Texas — Hanley Investment Group Real Estate Advisors has negotiated the sale of two newly constructed, single-tenant drive-thru retail properties located in Grapevine. Restaurant concept Son of a Butcher occupies a 2,389-square-foot building on a 15-year absolute triple-net ground lease, while Chicago hot dog restaurant Portillo’s occupies a 6,250-square-foot building on a 10.5-year absolute triple-net ground lease. Both properties are a part of a newly developed retail center that also includes additional restaurants such as Firebirds Wood Fired Grill, Rock & Brews and Velvet Taco. Bill Asher and Jeff Lefko …

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Shell Gas Station
Investment salesNewsTexas

CrownPoint Partners Facilitates $27 Million Sale-Leaseback of Five-Property Retail Portfolio in Texas

by Abby Cox

Texas — CrownPoint Partners has facilitated the sale-leaseback of a five-property convenience store portfolio in Texas for $27 million. Julius Swolsky and Don Bingham III of CrownPoint Partners represented the seller and the buyer, a Delaware-based private investment group, in the all-cash transaction through Newmark Title Services of Texas in Houston.

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Shops at Stone Creek
Grocery-anchoredInvestment salesNewsTexas

Westwood Financial Acquires Shops at Stone Creek in Metro Dallas

by Abby Cox

Rockwall, Texas — Westwood Financial has acquired the Shops at Stone Creek, an 80,599-square-foot retail center located in Rockwall, approximately 23 miles east of Dallas. A 59,313-square-foot Tom Thumb grocery store anchors the property, which was fully leased at the time of sale. Other tenants include Care Now, Great Clips, Subway and The UPS Store. The property also contains five pad sites that are occupied by Tom Thumb, the Tom Thumb fuel station, Salad and Go, McDonald’s and HTeaO. Barry Brown and Adam Howell of JLL’s Investment Sales and Advisory team …

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Crossroads at Terrell
FinanceNewsPower centersTexas

BWE Arranges $36 Million in Refinancing for Crossroads at Terrell in Metro Dallas

by Abby Cox

Terrell, Texas — BWE has arranged $36 million in refinancing for Crossroads at Terrell, a 260,877-square-foot power center located in Terrell, roughly 32 miles east of Dallas. Completed between 2022 and 2024 on nearly 30 acres, the center is anchored by Hobby Lobby and Academy Sports + Outdoors. Other tenants include Burke’s Outlet, Marshalls, Petco, Ulta Beauty and Rack Room Shoes. Matt Good of BWE’s Greenville, South Carolina, office originated the fixed-rate loan from a life insurance company lender on behalf of the borrower, a national retail developer.

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Academy Sports + Outdoors
AlabamaCompany newsDevelopmentFloridaGeorgiaIndianaMississippiNewsOhioSouth CarolinaTennesseeTexasVirginia

Academy Sports + Outdoors Opens 11 New Stores in Third Quarter 2025 

by Abby Cox

Katy, Texas — Katy, Texas-based Academy Sports + Outdoors has opened 11 new stores in the third quarter of this year, with plans to debut a total of up to 25 new locations in 2025. The sporting goods and outdoor recreation retailer has already launched three new locations in Boardman, Ohio; Beaufort, South Carolina; and Virginia Beach, Virginia; and will open eight more stores in fall 2025 in Rome, Georgia; Cullman, Alabama; Mishawaka, Indiana; Lakeland, Florida; Columbia, Tennessee; Albany, Georgia; Palestine, Texas; and Batesville, Mississippi. The 11 new store openings this …

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East River
DevelopmentLeasingNewsTexas

Three New Retail Tenants Open at East River Mixed-Use Development in Houston  

by Abby Cox

Houston — Three new tenants have opened at East River, a 150-acre, multi-phase mixed-use development underway in Houston. Ayna Jewels has debuted a 1,600-square-foot jewelry boutique, while Tomi Jewelry, an additional jewelry retailer at East River, has introduced its first store totaling 880 square feet. Meanwhile, the Houston Maritime Center and Museum will feature exhibits, artifacts and interactive displays within its newly redeveloped space overlooking the Buffalo Bayou Park. Restaurants such as La Calle Tacos and Laffa Mediterranean are scheduled to open this fall. Other tenants already operating at East River …

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Investment salesNewsTexas

CenterSquare Buys 21,777-Square-Foot Shopping Center in Metro Houston

by Abby Cox

Conroe, Texas — Conshohocken, Pennsylvania-based CenterSquare has acquired the Commons at Harper’s Preserve, a 21,777-square-foot service retail shopping center located in The Woodlands, roughly 40 miles north of Houston. Built in 2022 on 4.4 acres, the property was 91 percent leased to a mix of tenants at the time of sale, including Dunkin’ Donuts, Five Guys, Jeremiah’s Italian Ice, Little Caesar’s and Next Level Urgent Care. This marks CenterSquare’s 11th acquisition in Texas.

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