San Antonio — 35 South Capital has acquired The Collection, a 52,000-square-foot retail center situated on 3.8 acres in San Antonio. Tenants at the property include SoLuna, Revolución, Braza Brava Pizzeria, The Union Yoga + Strength, K. Charles & Co. and St. John. An entity affiliated with Lindenmuth Realty LP sold the center for an undisclosed price. This marks 35 South Capital’s second acquisition in San Antonio, following the purchase of King William Center in early 2024.
Fairview, Texas — Revolving Kitchen has opened a 30,000-square-foot food hall at 146 Town Place in Fairview, a northern suburb of Dallas. The food hall will feature 34 fully equipped commercial kitchen spaces ranging in size from 260 to 1,100 square feet. Operators that have already committed to Revolving Kitchen Fairview include Brooklyn Bagels, Chanko Nutrition and Emmy J’s Pizza. Lincoln Property Co. owns the building.
Lewisville, Texas — Marcus & Millichap has brokered the sale of Lake Vista Center, a 21,298-square-foot retail center located in Lewisville, roughly 25 miles northwest of Dallas. Built in 2007, the property comprises two buildings, Tenants at the center include Lucky Smiles, Lewisville Salon Suites and Spa, USCR Taekwondo, Tiff’s Treats, 4Thirteen Kitchen and Sports Bar and Lucky Smoke Shop. Chris Gainey and Philip Levy of Marcus & Millichap represented the seller in the transaction.
Forney, Texas — StreetLevel Investments has broken ground on Village at Gateway, a 120-acre mixed-use development in Forney. Designed by GFF and constructed by general contractor Ridgemont Commercial Construction, the project will be situated within the 2,000-acre Gateway master planned development. The first phase will comprise 500,000 square feet of retail space. A 144,000-square-foot Target will anchor the property, and other tenants will include The Home Depot and H-E-B. The development will also feature nine outparcels, as well as sites for future multifamily residential space. Completion of the first phase is …
Cedar Park, Texas — CenterSquare has acquired the Shops at Lakeline, a 22,443-square-foot retail center located in the Austin suburb of Cedar Park. The property was fully leased at the time of acquisition. According to a press release issued by the company, the purchase aligns with CenterSquare’s strategy “to target unanchored, high-quality essential service retail (ESR) centers in strong demographic submarkets.”
San Marcos, Texas — Partners Capital, the investment platform of Partners Real Estate, has sold San Marcos Place, a 73,882-square-foot retail center located in San Marcos. An Austin, Texas-based private buyer acquired the property for an undisclosed price. Built in 1985 and renovated in 2017, the center was 82 percent occupied at the time of sale. Cathy Nabours and Kyle Shaffer of SRS Real Estate Partners represented Partners Capital in the transaction. Partners Capital acquired San Marcos Place in June 2018 as part of its Partners Opportunity Fund II.
Houston — Marcus & Millichap has arranged the sale and financing of Providence Plaza, a 90,327-square-foot shopping center in Houston. Built in 1984 and renovated in 2018, the property was 97 percent occupied at the time of sale. Tenants at the center include Dollar Tree and Spec’s. Alex Wolansky and Gus Lagos of Marcus & Millichap represented the seller, Whitestone REIT, in the transaction. Jamie Safier of Marcus & Millichap Capital Corp. (MMCC) secured third-party acquisition financing on behalf of the undisclosed buyer.
Katy, Texas — Trademark Property Co. has been awarded the leasing assignment for LaCenterra at Cinco Ranch, a 412,900-square-foot retail center located in the Houston suburb of Katy. Current tenants at the property, which is situated within the Cinco Ranch master-planned community, include Trader Joe’s, Alamo Drafthouse Cinema, Athleta, CAVA, Lululemon, Lovesac, Warby Parker, Postino, Dish Society, Sephora, Starbucks Coffee, Pure Barre and Nando’s PERi-PERi. Daniel Goldware of Trademark will lead leasing at the center, which is managed by JLL.
Dallas — Dallas-based retail real estate owner and operator Centennial has appointed Paul Kurzawa to serve as president of the company. Kurzawa has 25 years of experience in the industry, including tenures with The Blackstone Group, Equity Office Properties, Westfield Corp., Lend Lease Corp., General Property Trust and Caruso. He most recently served as chief operating officer of CenterCal Properties. Current president Whitney Livingston is departing to join the International Council of Shopping Centers (ICSC) as chief operating officer. In addition to its portfolio of owned shopping, dining, entertainment and mixed-use …
Dallas — TGI Fridays Inc., which owns and operates 39 U.S. restaurants, has voluntarily filed for Chapter 11 bankruptcy protection in the Northern District of Texas. The Dallas-based operator cited long-running declines in sales dating back to the pandemic as the main impetus behind the filing. All independently owned and operated franchise locations, both foreign and domestic, are unaffected by the filing. An entity doing business as TGI Fridays Franchisor LLC, which owns the TGI Fridays brand and other intellectual property, was also unaffected. TGI Fridays Inc. has secured a commitment …
