Richmond, Texas — Dallas-based investment sales brokerage firm STRIVE has negotiated the sale of Waterview Town Center, a 13,563-square-foot retail strip center located in Richmond, a southwestern suburb of Houston. Jake Dutson and Adam Gottschalk of STRIVE represented the seller, a locally based developer, in the transaction.
Partners Real Estate Brokers Sale of 13,400-Square-Foot Retail Strip Center in Corpus Christi, Texas
Corpus Christi, Texas — Partners Real Estate has brokered the sale of River Court Shopping Center, a 14,000-square-foot retail strip center in Corpus Christi. Tenants at the property include First Cash Pawn, Pro Cleaners and Hu-Dat Noodle House. Gustavo Torres of Partners Real Estate represented the seller, an entity doing business as KCP River Court, in the transaction.
Deer Park, Texas — Northmarq has brokered the sale of The Shoppes at Town Square, an 11,692-square-foot retail strip center in Deer Park, a suburb of Houston. The center was leased to five tenants at the time of sale. Riley Sharman of Northmarq represented the Florida-based seller in the deal. The buyer was a local 1031 exchange investor. Peters and Michael Borden of Northmarq arranged acquisition financing.
Fort Worth, Texas — Marcus & Millichap has brokered the sale of Sycamore Village Shopping Center, a 26,148-square-foot retail center in Fort Worth. The property is situated on 2.6 acres on the city’s southwest side. Tenants at the property include Cricket Wireless, H&R Block and The UPS Store. Joe Santelli of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was not disclosed.
Irving, Texas — STRIVE has arranged the sale of Irvingate Center, a 29,962-square-foot retail center located in Irving, roughly 14 miles outside Dallas. The property was 86 percent leased at the time of sale. Hudson Lambert and Jason Vitorino of STRIVE represented the Dallas-based seller and procured the buyer, a California-based investor, in the transaction.
Hutto, Texas — EVO Entertainment Group has signed a 53,300-square-foot lease at Townwest Commons in Hutto, with plans to open a cinema, bowling and entertainment venue at the property in 2024. Nathan Nickerson of Common Ground represented the tenant in the leasing negotiations and secured an incentives package with the City of Hutto. Josh Friedlander and David Meyers represented the landlord, NewQuest Properties, on an internal basis.
Arlington, Texas — Largo Capital has arranged a $2.8 million loan for the acquisition of a single-tenant retail property located in Arlington. A car wash fully occupies the newly constructed property on a 20-year lease. The borrower was an undisclosed private investor based in the Northeast.
Galveston, Texas — JLL has negotiated the sale of The Plaza at Galveston Island, a 151,905-square-foot shopping center located in Galveston. Built in 1970, the property was 84.5 percent leased at the time of sale to tenants including Dollar Tree, Ross Dress for Less, Five Below, Beall’s Outlet, UPS, AT&T and Whataburger. Ryan West and John Indelli of JLL represented the seller, Harold A. Clark & Co., in the transaction.
Dallas — Five new stores and restaurants are set to open at Galleria Dallas, a shopping center located in Dallas. Outdoor gear brand Cotopaxi has opened a location at the property, and H&M Home will occupy 7,500 square feet — in addition to the existing H&M store. Women’s clothing retailer Intimissimi has also opened a boutique at the shopping center, and restaurants North Italia and Salut Paris Bakery will open this fall and summer, respectively. Additionally, larger stores are currently under development for tenants Louis Vuitton and Bachendorf’s, and Luciano Pizza …
Plano, Texas — JLL has negotiated the sale of Independence Square, a 140,218-square-foot shopping center in Plano. Tom Thumb anchors the center, which was built in 1977 and renovated in 2005. Other tenants at the property, which was 94 percent leased at the time of sale, include Oscar Nail Lounge, Cookies by Design, Great Clips, Little Greek Restaurant, Frost Bank, Jersey Mike’s and Workout Anytime. Chris Gerard, Barry Brown, Erin Lazarus and Ben Esterer of JLL represented the undisclosed seller in the transaction. Head Capital Partners was the buyer.