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Puttshack
LeasingNewsTexas

PuttShack to Open 26,000-Square-Foot Minigolf Course, Restaurant in Downtown Houston

by Julia Sanders

Houston — Puttshack, an entertainment concept that combines tech-infused minigolf with food and beverage offerings, will open a new 26,000-square-foot venue at The Shops at Houston Center in the city’s downtown area. Puttshack recently opened its first venue in Atlanta and has plans to open additional facilities in Chicago, Miami, Boston and Nashville. The opening of the Houston facility is slated for late 2022. Brookfield Properties owns The Shops at Houston Center in partnership with Spear Street Capital.

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Stassney Heights
Investment salesNewsTexas

Newport Capital Acquires 103,030-Square-Foot Shopping Center in Austin, Texas

by Julia Sanders

Austin, Texas — Newport Capital Partners has acquired Stassney Heights on behalf of its Newport Capital Partners Fund III. The 103,030-square-foot, grocery-anchored shopping center is situated on the southwest corner of Stassney Lane and Interstate 35 in Austin. CBRE represented the seller, a Northeast-based retail and industrial investment manager, in the transaction. Newmark secured acquisition financing for the sale through Wintrust Bank. Stassney Heights was 93 percent leased at the time of sale to tenants including anchor Fiesta Mart, Umi Sushi, Castle Dental, T-Mobile and Clinica Hispana.

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Waterpoint Center
DevelopmentNewsTexas

Gordon Partners Completes 35,000-Square-Foot Mixed-Use Expansion Project at Lake Conroe

by Julia Sanders

Conroe, Texas — Houston-based Gordon Partners has completed the 35,000-square-foot expansion of Waterpoint Center, an office, retail and restaurant development located north of Houston on Lake Conroe. Retail and restaurant users that will soon be opening at the 140,000-square-foot waterfront property include Akashi Asian Bistro, Crust Pizza Co., Boardwalk Boutique, The Paleta Bar, Hunger Crush Café and Bar Lago Craft Cocktails. Gordon Partners will soon break ground on an additional 10,000 square feet of office and medical space that is expected to be complete in the first quarter of 2022.

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Investment salesNewsTexas

KM Realty Investment Trust Buys 32,449-Square-Foot Shopping Center in San Antonio

by Julia Sanders

San Antonio — KM Realty Investment Trust Inc. has acquired City Base Commons, a 32,449-square-foot shopping center that is located on a 7.5-acre site south of downtown San Antonio. GFR Development sold the asset for an undisclosed price. City Base Commons was 95 percent leased at the time of sale to tenants such as Credit Human, Kung Fu Tea, Jimmy John’s, McAlister’s Deli, Raising Cane’s and Smoothie King.

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Post Oak Plaza
DevelopmentNewsTexas

Levcor to Redevelop 503,000-Square-Foot Post Oak Plaza in Uptown Houston

by Julia Sanders

Houston — Levcor will redevelop Post Oak Plaza, a 503,000-square-foot shopping and dining destination in Houston’s Uptown neighborhood. Architecture firm BRR is leading the design of the project, which will be carried out in phases throughout 2022. The development team will upgrade storefronts to allow more natural light, introduce communal outdoor gathering spaces, widen pathways that connect buildings and install new landscaping features. Businesses will remain open throughout the redevelopment project. Current tenants at Post Oak Plaza include Bill Walker Clothier, Eye Elegance, FedEx, Home Source, Madison Lily, Pinto Ranch, …

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Investment salesNewsTexas

KM Realty Acquires Newly Constructed Shopping Center in San Antonio

by Julia Sanders

San Antonio, Texas — KM Realty Investment Trust Inc. has acquired City Base Commons, a 7.5-acre shopping center comprised of five buildings with two pad sites south of downtown San Antonio. GFR Development sold the property, which is located on SE Military Drive. The sales price was not disclosed. The center is 94.8 percent leased to tenants including Credit Human, Kung Fu Tea, LA Crawfish, Jimmy John’s, McAllister’s Deli, Raising Cane’s and Smoothie King. Both pad sites are available for lease.

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Winwood Town Center
Investment salesNewsTexas

JLL Negotiates Sale of 365,559-Square-Foot Winwood Town Center in Odessa, Texas

by Julia Sanders

Odessa, Texas — JLL has negotiated the sale of Winwood Town Center, a 365,559-square-foot regional shopping center located in the West Texas city of Odessa. The property sits on 40.4 acres and was 100 percent leased at the time of sale. Tenants include regional grocer H-E-B, Target, Ross Dress for Less, dd’s Discounts, Office Depot and Michaels. Restaurant users include Chick-fil-A, Jack in the Box and Taco Bell. Chris Gerard, Ryan Shore and Barry Brown of JLL represented the seller, Brixmor Property Group, in the transaction. Colby Mueck, Ryan West …

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DevelopmentNewsTexas

Mesquite City Council Approves Shadow Creek Crossing Retail Project

by Julia Sanders

Mesquite, Texas — The City Council of Mesquite, located east of Dallas, has approved a proposal for the development of a retail project that will be known as Shadow Creek Crossing. Shadow Creek Crossing will be developed on a seven-acre site adjacent to John D. Horn High School that is owned by an entity doing business as LF Gateway LP. At full buildout, Shadow Creek Crossing could span as much as 57,500 leasable square feet across six buildings. A firm construction timeline was not released.

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Investment salesNewsTexas

CTO Realty Growth Buys Shops at Legacy North Retail Center for $72.5 Million

by Julia Sanders

Plano, Texas — CTO Realty Growth Inc. has purchased The Shops at Legacy North, an approximately 236,000-square-foot office and retail center in Plano, for $72.5 million. The property was built on 12.7 acres in 2007 and was 83 percent leased across its office and retail components at the time of sale. The retail portion of the property consists of 121,496 square feet and houses tenants such as Capital Grille, Seasons 52, Mexican Sugar, Benihana and Ra Sushi. The office component spans 114,936 square feet and is home to users such …

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South Plains Crossing
Investment salesNewsTexas

Continental Realty Buys South Plains Crossing Retail Center in Lubbock for $18.2 Million

by Julia Sanders

Lubbock, Texas — Continental Realty Corp. (CRC) has purchased South Plains Crossing, a 144,241-square-foot retail center in Lubbock, for $18.2 million. Anchor tenants at the property, which was built on 12 acres in 1996, include Hobby Lobby (70,000 square feet), alcoholic beverage providers Spec’s Wine, Spirits & Finer Foods (33,000 square feet) and Vision Mart (10,000 square feet). The seller was a partnership between Atlanta-based RCG Ventures and New York City-based DRA Advisors. South Plains Crossing was 94 percent leased to 11 tenants at the time of sale.

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