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 …
Manor, Texas — The Retail Connection, through its affiliate Connected Development Services, has broken ground on a 150,000-square-foot shopping center in Manor, roughly 15 miles outside Austin. Dubbed Manor Crossing, the center will be situated within a 63-acre site that will also house a 101,000-square-foot H-E-B grocery store. The property will comprise four buildings on 18 acres. Tenants at the center will include T.J. Maxx, Burlington, Planet Fitness, Five Below, Rack Room Shoes, Jersey Mike’s, James Avery, McAlister’s Deli, Mattress Firm, Tropical Smoothie Café and Tomlinson’s Feed. Cuaso Design Studio and …
Lubbock, Texas — Marcus & Millichap has arranged the sale of Fearless Plaza, a 20,657-square-foot retail center located in Lubbock. Tenants at the property include Torchy’s Tacos, Amazon, Barefoot Athletics, Tikka Shack and Hawaii Poke & Ramen. Built in 2012, the center is situated directly across from Texas Tech University. Philip Levy and Chris Gainey of Marcus & Millichap represented the seller in the transaction.
Houston — DNA Partners has sold Mason Village Shopping Center, a 96,486-square-foot retail center located in Houston. Grocer La Michoacana anchors the center, and other tenants at the property include Harbor Freight, Freebirds, Jiffy Lube and Jason’s Deli. Ryan West, John Indelli and Clay Anderson of JLL Capital Markets represented the seller in the transaction. Longpoint Realty Partners acquired the property for an undisclosed price.
Houston — Katz’s Deli, a 24-hour restaurant concept, has signed a 6,300-square-foot lease in Houston. Construction on the new restaurant, which will be situated within the Memorial City mixed-use development, is scheduled to begin in early 2025. Delivery of the development is expected by early 2026. MetroNational owns and manages Memorial City. Larry Plotsky of the Plotsky Group and Meredith Cullen of Cushman & Wakefield represented the tenant in the lease negotiations, and Danna Diamond represented MetroNational on an internal basis. This marks the fifth location in the Houston market for …
Lubbock, Texas — Cousins Maine Lobster (CML) has signed a new, multi-unit deal with franchisees Chris Wilson and Gary Andrews of Lubbock. Wilson and Andrews currently own and operate six Slim Chickens restaurants throughout metro Lubbock and have launched their first CML food truck in the area, serving the markets of Amarillo, Midland, Odessa, Wichita and San Angelo. The grand opening was Oct. 26, at West End Shopping Center in Lubbock. “After six years of operating in Teas, we are thrilled to announce our expansion into West Texas,” says Angela Coppler, …
Dallas — Balfour Beatty has broken ground on a $95 million mixed-use project in Dallas. Balfour Beatty is constructing the project on behalf of the owners and developers, Acadia Realty Trust and Ignite-Rebees. Upon completion, which is scheduled for fall 2026, the development will total 161,00 square feet. Architecture firm GFF designed the property, which will feature 12,000 square feet of restaurant space and 75,000 square feet of retail space, as well as 74,000 square feet of office space and 500 parking spaces.
Stephenville, Texas — Disney Investment Group (DIG) has arranged the sale of Bosque River Centre, a 221,294-square-foot retail center located in Stephenville. The center was 97 percent leased at the time of sale. Tenants at the property, which was built in 1984, include Boot Barn, SPEC’s, Tractor Supply Co., Ollie’s, Planet Fitness, Cinemark and Dollar Tree. David Disney and Adam Crockett of DIG represented the seller and procured the buyer in the transaction.
Weatherford, Texas — The Woodmont Co. has negotiated the sale of The Village at Weatherford, a shopping center located in Weatherford, roughly 30 miles west of Fort Worth. The property totals 44,000 square feet. Russel Wehsener of The Woodmont Co. represented the seller, Sinclair Investments, in the transaction. Gibson Duwe and Kyle Poulson of Transwestern represented the undisclosed buyer.
Burleson, Texas — GBT Realty Corp. is underway on the development of Burleson Commons, a 50,632-square-foot shopping center in Burleson, approximately 15 miles south of Fort Worth. GBT acquired the six-acre land parcel for the project for $2.3 million from Orscheln Farm and Home in August. A 23,256-square-foot Sprouts Farmers Market will anchor the center, which will also feature a 9,000-square-foot Five Below and an additional 8,000 square feet of small shop space. Completion of the development is scheduled for June 2025, with Sprouts scheduled to open that July. BRR Architecture …