Katy, Texas — SRS Real Estate Partners has arranged the $14.6 million sale of a 55,000-square-foot retail building in the Houston suburb of Katy. Kohl’s occupies the property, which is currently under construction, on a triple-net-lease basis. Matthew Mousavi and Patrick Luther of SRS represented the seller and procured the buyer, which acquired the asset via a 1031 exchange.
Arlington, Texas — CBRE has arranged the sale of Cooper Street Plaza, a 91,856-square-foot shopping center in Arlington. The center was 97.5 percent leased at the time of sale. K&G Mens Co. and Office Max anchor the property. Other tenants include Black Rifle Coffee, UPS, State Farm Insurance and Ninja Sushi. Jared Aubrey and Michael Austry of CBRE represented the seller, an undisclosed Texas-based REIT, in the transaction. The buyer was Vista Property Co.
Spring, Texas — Wu Property Management has purchased Cypresswood Court Shopping Center, a 103,047-square-foot retail property located in the Houston suburb of Spring. Target, Best Buy and dd’s DISCOUNTS are the anchor tenants at the center, which was built on 11.3 acres in 1985, according to LoopNet Inc. Wu Property Management has appointed Sturbridge Commercial as the leasing agent.
Richmond, Texas — Beverage concept SWIG has signed a 19,161-square-foot lease at Grand at Aliana, a retail center located in Richmond. NewQuest Properties is the landlord. Josh Friedlander and David Meyers represented NewQuest on an internal basis in the leasing negotiations. Jeff Hayes and Travis Waltmon of Palo Duro Commercial Partners represented the tenant.
Rosenberg, Texas — The Signorelli Co. has announced plans for Phase I of Austin Point, a 4,700-acre master-planned community located roughly 30 miles southwest of Houston in Rosenberg. Upon completion, the development will feature 14,000 homes and 15 million square feet of multifamily, office, medical, retail and hospitality space. The project will also include the extension of Fort Bend Parkway and Grand Parkway at the development site for more convenient access to downtown Houston. Phase I of Austin Point is set to break ground in 2024 and will include the …
Frisco, Texas — STRIVE has arranged the sale of 3 Corners Plaza — Building 2, a 10,339-square-foot retail center located in Frisco. The property was fully leased at the time of sale. Adam Gottschalk and Hudson Lambert of STRIVE represented the seller in the transaction. An undisclosed California-based investor purchased the property.
Fairview, Texas — Larks Entertainment has signed a 25,000-square-foot lease at Fairview Town Center in Fairview, with plans to open an entertainment center, cocktail bar and restaurant at the property. The venue is scheduled to open in December. Joseph Williams of The Woodmont Co. represented the tenant in the leasing negotiations, and Walt Davis of Lincoln Property Co. represented the landlord.
Frisco, Texas —Pickle and Social and Fairway Social will open within a dual-concept entertainment venue at Frisco Station, a mixed-use development currently underway in Frisco. Pickle and Social, a Competitive Social Ventures (CSV) brand, will offer both indoor and outdoor pickleball courts, as well as live entertainment, food and beverages and other games. Fairway Social will feature golf simulators that include 130 courses, as well as 10 other sports. Construction is scheduled to begin next spring, with the opening scheduled for spring 2025. Tim Henson of Venture Commercial Real Estate and …
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The Picklr to Open 80 New Venues in 11 States
Kaysville, Utah — Utah-based indoor pickleball brand The Picklr will open 80 new venues across eleven states, including Arizona, Colorado, Florida, Georgia, Illinois, Minnesota, Nevada, Tennessee, Texas, Utah and Wyoming. The facilities will be opened in partnership with 13 new franchisees. “With seven corporate owned facilities, our first-mover advantage has undeniably led to a high level of interest from well capitalized candidates across the entire country,” says Scott Schubiger, chief growth officer of The Picklr.
Dallas — Three new tenants have signed leases at Hillside Village, a retail center located in Dallas. Modern Animal has opened a veterinary clinic at the property. JuiceLand and Sephora will also open later this year and next year, respectively. Northwood Retail is the owner and landlord.