Texas

Realty Income Corp. to Acquire Spirit Realty Capital in $9.3B REIT Merger

by Hayden Spiess October 31, 2023

San Diego and Dallas — Realty Income Corp. (NYSE: O) and Spirit Realty Capital Inc. (NYSE: SRC) have entered into an all-stock merger agreement valued at $9.3 billion. The combined company, which will operate under the Realty Income banner, is expected to become the fourth largest REIT on the S&P 500 index with a total enterprise value of $63 billion. Both companies primarily invest in freestanding, net-leased commercial properties. Realty Income boasts a portfolio of 13,100 properties located across the U.S. and Europe, and Spirit Realty owns a portfolio of …

October 31, 2023

Development Leasing News Texas

LEVCOR Completes Renovations, Adds Three Tenants to Post Oak Plaza in Houston

by Hayden Spiess October 31, 2023

Houston — LEVCOR has completed the redesign of Post Oak Plaza, a retail center located in Houston. Renovations at the property included updates to building and store facades, new lighting elements, upgraded landscaping and widened pathways. Additionally, three new tenants have signed leases at the center. Local Foods, Arhaus and Saatva will occupy 3,016; 22,201; and 4,000 square feet at the property, respectively. Taco Deli, Rakkan Ramen and Bosch/Thermador/Gaggenau are also scheduled to open at the center by the first half of 2024.

October 31, 2023

Leasing News Texas

Four Tenants Sign Leases Totaling 13,401 Square Feet at LaCenterra at Cinco Ranch in Texas

by Hayden Spiess October 25, 2023

Katy, Texas — Four new tenants have signed leases totaling 13,401 square feet at LaCenterra at Cinco Ranch, a retail center located in Katy, roughly 30 miles outside Houston. Kilwins will open a 1,014-square-foot sweets shop in the fourth quarter of this year, and Nando’s will open a 2,754-square-foot restaurant in January. IKEA and lululemon have also signed leases at the property and will occupy 5,500 and 4,133 square feet, respectively, beginning next year. JLL manages the property.

October 25, 2023

Development Leasing Mixed-use News Texas

Scheels to Open 240,000-Square-Foot Sporting Goods Store in Metro Austin

by Hayden Spiess October 24, 2023

Cedar Park, Texas — Scheels, an employee-owned sporting goods retailer based in Fargo, North Dakota, plans to open a 240,000-square-foot store in Cedar Park, a northern suburb of Austin. The store will be the retailer’s second “All Sports” location to open in Texas, joining a store at Grandscape in The Colony that opened in 2020. Scheels plans to employ more than 500 associates at the store, most of whom will be local to Cedar Park. The Cedar Park Scheels is the second anchor tenant announced for CedarView, a mixed-use development that …

October 24, 2023

Development News Texas

Graycor Completes Renovations at DICK’S House of Sport Stores Totaling 200,000 Square Feet in Texas

by Hayden Spiess October 24, 2023

Friendswood and Katy, Texas — Graycor Construction has completed the renovation of two DICK’S House of Sport stores in Texas. Located in Friendswood and Katy, the spaces comprise roughly 100,000 square feet each and feature a climbing wall, multisport cage and golf simulation. Fox Design was the architect for both projects, which included both interior and exterior updates.

October 24, 2023

Leasing News Texas

Three New Tenants Sign Leases Totaling 54,000 Square Feet at Champions Village in Houston

by Hayden Spiess October 20, 2023

Houston — Three new tenants have signed leases totaling 54,000 square feet at Champions Village, a retail center located in Houston. Lowe’s has opened a 41,453-square-foot store at the property, occupying a former Stein Mart space. Additionally, Hibbett Sports and The Greasy Spoon are both scheduled to open at the center in 2024. First National Realty Partners is the landlord.

October 20, 2023

Investment sales News Texas

Blue Owl Sells 146,612-Square-Foot Retail Center in Dallas

by Hayden Spiess October 17, 2023

Dallas — Blue Owl Real Estate has sold Gallery on the Parkway, a 146,612-square-foot retail center located in Dallas. Tenants at the property, which was developed in 1995, include Nordstrom Rack and Cost Plus World Market. Four Rivers Capital purchased the center for an undisclosed price. Adam Gottschalk of STRIVE arranged the transaction.

October 17, 2023

Westcliff-Shopping-Center_Fort-Worth-Texas

Grocery-anchored Investment sales News Texas

DIG Brokers $14.8 Million Sale of Westcliff Shopping Center in Fort Worth, Texas

by Hayden Spiess October 17, 2023

Fort Worth, Texas — Disney Investment Group (DIG) has brokered the $14.8 million sale of Westcliff Shopping Center, a 134,750-square-foot retail center located in Fort Worth. Albertsons anchors the property, which was 86 percent leased at the time of sale. DIG represented the seller, CTO Realty Growth, in the transaction and procured the buyer. Partners Capital, the investment platform of Partners Real Estate, acquired the center. Jess Dickie represented Partners on an internal basis, and Independent Financial provided acquisition financing.

October 17, 2023

Investment sales News Texas

CBRE Arranges Sale of 28,119-Square-Foot Shopping Center in Metro Dallas

by Hayden Spiess October 12, 2023

Rowlett, Texas — CBRE has arranged the sale of Expo Center, a 28,119-square-foot shopping center located in Rowlett, roughly 20 miles outside Dallas. Situated on 3.4 acres, the property was fully leased at the time of sale. Tenants at the center include Fresenius Medical Care, Golden Pot Chinese and Opa! Greek Taverna. Jared Aubrey and Michael Austry of CBRE represented the seller, Standridge Cos., in the transaction.

October 12, 2023

Leasing News Restaurants Texas

Littwitz Investments Arranges Three Restaurant Leases Totaling 8,733 Square Feet in Texas

by Hayden Spiess October 11, 2023

Houston, Mont Belvieu and Richmond, Texas — David Littwitz of Littwitz Investments has arranged three restaurant leases totaling 8,733 square feet in Texas. Blue Tuba Euro-Tex Cuisine has signed a 5,141-square-foot lease at the Harold’s Heights retail building in Houston. Additionally, Beaky’s Hot Chicken will open a 2,436-square-foot restaurant at a shopping center currently underway in Mont Belvieu, and Cinnaholic Gourmet Cinnamon Rolls will occupy 1,156 square feet at Waterview Town Center in Richmond. Littwitz represented the tenants in the leasing negotiations.

October 11, 2023

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