Texas

HEB grocery store
Grocery-anchoredInvestment salesNewsTexas

Joint Venture Acquires 439,569-Square-Foot Northwoods Shopping Center in San Antonio

by Abby Cox

San Antonio — A joint venture between MCB Real Estate, Epic Real Estate Partners and Centerbridge Partners L.P.  has acquired Northwoods Shopping Center, a 439,569-square-foot lifestyle center in San Antonio. An HEB grocery store anchors the property and has operated at the site since its development in 1996. Additional tenants at the center, which was 91 percent leased at the time of sale, include Nordstrom Rack, Marshalls, Homesense, Barnes & Noble, Old Navy and Ulta Beauty. Truist Bank financed the acquisition.

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Metropark Square
EntertainmentInvestment salesMixed-useNewsRestaurantsRetailersTexas

STRIVE Brokers Sale of 173,000-Square-Foot Metropark Square in Metro Houston

by Abby Cox

Shenandoah, Texas — STRIVE has brokered the sale of Metropark Square, a 173,000-square-foot mixed-use development located in Shenandoah, roughly 30 miles north of downtown Houston. Dave & Buster’s, AMC Theatre and a Hyatt House hotel anchor the center, which features a mix of dining, entertainment and service-oriented retailers across 70 acres. Tenants include Martinis & Manicures, Top Sushi, Escapology, Black Bear Diner, Salons by JC, Aesthetic Smiles Dentistry and Crawfish Café. Jake Dutson and Jennifer Pierson of STRIVE represented the seller and developer, Frisco, Texas-based Sam Moon Group. STRIVE also procured …

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Sprouts Farmers Market
Investment salesLeasingNewsTexas

JLL Arranges Sale of Retail Property Leased to Sprouts in Suburban Houston

by Abby Cox

Richmond, Texas — JLL Capital Markets has arranged the sale of a newly constructed, 23,256-square-foot retail property leased to Sprouts Farmers Market in Richmond, a southwestern suburb of Houston. Sprouts anchors Waterview Town Center, a 143-acre mixed-use development that will feature more than 1 million square feet of retail space upon completion. JLL represented the seller, GBT Realty, in the transaction. JRW Realty represented the buyer, Southern California-based ExchangeRight. Sprouts Farmers Market — which is on track to open 35 locations in 2025 — also has 130 approved stores in …

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Brookleigh Marketplace
FinanceNewsTexas

Crow Holdings Closes Recapitalization of 194-Property National Retail Portfolio

by Abby Cox

Dallas — Dallas-based Crow Holdings has recapitalized a portfolio of 194 retail properties totaling 4.5 million square feet. Crow Holdings Capital (CHC), the firm’s investment management business, arranged the financing. Spanning 30 states, the portfolio is currently 93 percent leased and features approximately 2,000 tenant suites with an average size of roughly 2,250 square feet. This transaction builds on the joint venture CHC had previously formed to acquire small-format, convenience-oriented, open-air, food and service shopping centers. Since 2003, the joint venture has acquired over $220 million in additional properties.

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Republic Square
Investment salesNewsTexas

Disney Investment Arranges Sale of Republic Square in Metro Austin

by Abby Cox

Georgetown, Texas ­— Disney Investment Group (DIG) has arranged the sale of Republic Square, a 113,772-square-foot neighborhood shopping center located in Georgetown, approximately 27 miles north of Austin. Republic Square features 34 tenants, including Harbor Freight, Dollar Tree, Starbucks Coffee, Chipotle Mexican Grill, Pizza Hut, One Main Financial and Subway. Built in 1974, the property is situated on nearly 73 acres, according to LoopNet Inc. David Disney and Adam Crockett of DIG represented the California-based seller and procured the Texas-based buyer in the transaction. The price was not disclosed.

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Wender Plaza
Investment salesNewsTexas

TSM Ventures Acquires 63,976-Square-Foot Shopping Center in San Antonio

by Abby Cox

San Antonio — TSM Ventures Inc. has acquired Wender Plaza, a 63,976-square-foot shopping center located in San Antonio. Sprouts Farmers Market anchors the newly constructed property, which was fully leased at the time of sale. Chace Henke and Micha van Marcke of Edge Capital Markets represented the seller, a regional developer, in the transaction.

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Mission Gateway
Investment salesNewsTexas

Faris Lee Investments Brokers $16.6 Million Sale of Mission Gateway in Texas

by Abby Cox

Mission, Texas — Irvine, California-based Faris Lee Investments has brokered the sale of Mission Gateway, a 92,117-square-foot retail center located in Mission. Burlington and Murdoch’s Ranch & Home Supply anchor the property on long term leases. Olive Garden and Jack in the Box, which are also located at the center, were not included in the sale. Don MacLellan, Jeff Conover and Scott DeYoung represented the seller, a Texas-based developer, in the transaction. The buyer was an all-cash REIT.

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Sugar Park Plaza
FinanceInvestment salesNewsTexas

JLL Arranges Sale, Financing for 95,032-Square-Foot Sugar Park Plaza in Houston

by Abby Cox

Houston ­— JLL has arranged the sale and financing of Sugar Park Plaza, a 95,032-square-foot neighborhood retail center located in Houston. Renovated in 2016, Sugar Park Plaza features one in-line retail building and three pad sites. Marshalls anchors the center, which was fully leased at the time of sale, and includes a mix of 15 other tenants including Aga’s Restaurant & Catering, Skechers, Chase Bank, ExxonMobil and Magnum Staffing. Sugar Park Plaza was built in 1974 on nearly 30 acres. John Indelli and Ryan West of JLL represented the seller …

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Central Texas Marketplace
Investment salesNewsPower centersTexas

JLL Negotiates Partial Sale of Central Texas Marketplace in Waco, Texas

by Abby Cox

Waco, Texas — JLL Capital Markets has negotiated the sale of a portion of Central Texas Marketplace, a 526,000-square-foot power center located in Waco. A James Nix entity doing business as G3C Operating LLC purchased a 181,708-square-foot component of the center, which features Sprouts Farmers Market, Best Buy, Office Depot and Burlington. Adam Howells, Barry Brown, Erin Lazarus and Brennan Fewin of JLL’s Investment Sales and Advisory team represented the seller, Ball Ventures, in the transaction. Built between 2005 and 2015, Central Texas Marketplace is anchored by Cabela’s. Other tenants …

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Rosamond Crossing Southeast
DevelopmentNewsTexas

Joint Venture to Develop 950,000-Square-Foot Retail Center in Suburban Dallas

by Abby Cox

Anna, Texas — A joint venture between Charlotte, North Carolina-based Big V Property Group and Texas-based The Seitz Group is developing a 950,000-square-foot two-center retail project in the north Texas region of Collin County. The first of two open-air shopping centers that will be built is Rosamond Crossing Southeast, a 175,300-square-foot development situated in Anna, a suburb of Dallas. Kroger will anchor the center, which is already 70 percent leased. Additional tenants will include Bank of America, Chase Bank, Jimmy John’s and McDonald’s. Permitting has begun and sitework is expected to …

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