Magnolia, Texas — SVN | J. Beard Real Estate has begun leasing Country Forest Plaza, a 9,615-square-foot retail project located in Magnolia, about 45 miles northwest of Houston. Tenant spaces will range in size from 1,300 to 5,715 square feet. Kane Dunbar is serving as general contractor for the project, construction of which began in January and is expected to be completed during the summer.
Coppell, Forney and Fort Worth, Texas — Firehouse Subs has signed three leases totaling 4,149 square feet in the Dallas-Fort Worth metro. Firehouse will occupy 1,649 square feet at Heritage Trace in Fort Worth, 1,300 square feet at Victory at Forney in Forney and 1,200 square feet at Braewood Shopping Center in Coppell. Grant Gary and Kendall Graff of The Woodmont Co. represented Firehouse Subs in the lease negotiations.
Allen, Texas — JLL has negotiated the sale of Twin Creeks Marketplace, a 43,134-square-foot shopping center located in the northeastern Dallas suburb of Allen. Sprouts Farmers Market anchors the center, which was built in 2016 and was fully leased at the time of sale. Other tenants include Starbucks Coffee, Verizon Wireless, ATI Physical Therapy and Advancial. Chris Gerard, Adam Howells, Caroline Binning, Pauli Kerr and Cole Sutter of JLL represented the undisclosed seller in the transaction.
Dallas — Corner Bakery, a national restaurant chain based in Dallas, has filed for Chapter 11 protection in the Delaware Bankruptcy Court after defaulting on its loans last year, according to The Dallas Morning News. Pandya Restaurant Growth Brands purchased Corner Bakery, which currently operates 140 locations in 20 states, in October 2020. Prior to its acquisition by Pandya, the chain was owned by private equity firm Roark Capital Partner.
Frisco, Texas — Centergy Retail has broken ground on Lexington Village, a 100,000-square-foot retail center located in Frisco, approximately 30 miles north of Dallas. A 58,000-square-foot Tom Thumb will anchor the shopping center, which is situated within the 600-acre, master-planned Lexington development. Scheduled to open in spring 2024, the store will feature an in-store Starbucks Coffee kiosk, a pharmacy with a drive-thru, electric vehicle charging stations and drive-up-and-go grocery pickup. An additional 32,000 square feet of shops and three pad sites are scheduled for delivery in August 2023. Pre-leasing is …
Houston — EDENS has announced the addition of four new retail and restaurant tenants to its Uptown Park development in Houston. Natuzzi, a luxury Italian furniture brand, will open a 6,393-square-foot showroom; and Hi, skin — a skincare concept — will occupy a 2,261-square-foot space. Food-and-beverage concepts JuiceLand and sweetgreen will also join the tenant lineup, leasing 700 square feet and 2,908 square feet, respectively.
Lewisville, Texas — Property services company MCS has acquired Chain Store Maintenance (CSM), a commercial facilities services firm. MCS will offer the core interior maintenance services that CSM is known for, with a platform marketed as Chain Store Maintenance — an MCS Company. Exterior facility services will continue to be marketed under MCS. Founded in 1991, CSM currently has agreements to provide facilities services to more than 130,000 client locations in the U.S., Canada, Puerto Rico and Guam. Core offerings include handyman, electrical, locksmith and plumbing services.
San Antonio — Marcus & Millichap has brokered the $5 million sale of a 12,460-square-foot retail property in San Antonio. Walgreens occupies the property on a net-lease basis. Christopher Pappas and Michael Cardone of Marcus & Millichap represented the seller, an undisclosed partnership, in the transaction. Tim Speck of Marcus & Millichap assisted in closing the deal as the broker of record.
Arlington, Texas — The Home Depot has signed a 35,840-square-foot retail lease renewal at Cooper Street Plaza in Arlington. Brent St. Amant of Hartman Income REIT represented the landlord, Silver Star Properties REIT, in the lease negotiations. The Home Depot was self-represented. Other tenants at the center include UPS, Mattress Firm, OfficeMax, Black Rifle Coffee Co. and State Farm Insurance.
Houston — Hanley Investment Group Real Estate Advisors has brokered the sale of Northwest Crossing Centre, a 180,000-square-foot shopping center located in Houston. Kevin Fryman and Ed Hanley of Hanley, in association with ParaSell Inc., represented the seller, USA Properties Inc. Wu Properties acquired the center for an undisclosed price. Tenants at the property, which was 94 percent leased at the time of sale, include Burlington, Dollar Tree, Marshalls, Planet Fitness, Hibbett Sports, pOpshelf, Chik-fil-A, James Coney Island, Red Lobster and Whataburger.