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Category Archives: Retail

NAI Fund Buys Retail Center from MetroNational

HOUSTON – The NAI Investment Fund has acquired the Spring Park Village retail center from MetroNational Corp. The 76,409-SF Spring Park Village retail center is located on the north side of Houston at the intersection of Interstate 45 Cypresswood Dr, south of the Grand Parkway. The center is the first retail property acquired by the fund, which is the investment ... Read More »

22-Acre Portion of Greenspoint Mall with Old Macy’s Store Acquired for Development of Truck Stop

HOUSTON – A 22-acre portion of Greenspoint Mall, including the old Macy’s store, has been acquired for the development of a truck stop, reports Houston real estate broker Jim Mattox of Jim Mattox Properties. The 1.4 million SF Greenspoint Mall in north Houston suffered through the closure of a number of a number of stores, including Macy’s, which shut down ... Read More »

Los Angeles Firm Acquires Houston Retail Project

HOUSTON – Westwood Financial Corp. acquired the Market at Lake Houston, a 102,000-SF retail center in the Atascocita area in northeast Houston. It is anchored by an H-E-B grocery. Rusty Tamlyn and Ryan West of HFF marketed the property, located on FM 1960 East. “This center garnered a wide level of interest, given its strong H-E-B sales and that very ... Read More »

Four New Restaurants Coming to Pasadena

PASADENA, Texas – Four new freestanding restaurants are being developed on an 8-acre site at the southeast corner of  Beltway 8 and Vista Road in Pasadena, according to Colliers International. The four restaurants are Razzoo’s Cajun Cafe, Red Robin, Chuy’s and Outback Steakhouse. The seller of the land, Fairplay Partners Ltd., was represented by Marshall Clinkscales of Colliers International. The ... Read More »

Midway Making a Fashion Statement: Social Status and the New Soft Goods Offerings at CityCentre

HOUSTON – (By Michelle Leigh Smith) – Some mornings, customers are queued up by 4 a.m. for a shot at purchasing the hottest release Social Status has to offer. One day, the shoe may be from the infamous Yeezy Boost lineup. Another day, the line is for a shoe from the self-proclaimed supernova Belgian designer Raf Simons. Release dates for ... Read More »

Dunhill Partners Purchases Pearland Retail Center

PEARLAND, Texas – The Center at Pearland Parkway I, a 167,704-SF shopping center on the eastern side of Pearland has been purchased by Dunhill Partners of Dallas. The project was a joint venture between Stream Realty Partners and Dallas-based Thackery Partners. Rusty Tamlyn and Ryan West of HFF represented the sellers. Situated at the intersection of FM 518 and Pearland ... Read More »

South African Investor Buys First American Project

  FORT WORTH – Blazing Meadows Investments, a South Africa-based investor, has acquired a retail center in Fort Worth, its first purchase in the United States. The 4,300-SF retail center, located on Interstate 820 at Clifford Street, was purchased from a venture of MG Retail Partners and Vaquero Ventures. Michael Austry of CBRE represented the seller. Karim Budri of Gharbieh ... Read More »

Houston Retail Centers Immune to Woes in the Energy Industry

HOUSTON –  (By Dale King) – To the casual onlooker, Houston’s retail market appeared to taking some majors hit in 2016. In just the first six months, 11 Sports Authority stores closed as part of a chain-wide shut-down. Four Fresh Market groceries in Houston were shuttered, as were two Walmarts, including a Supercenter on FM 1960, says a year-end report ... Read More »

Vista’s Patty Bender – Q&A on Houston Shopping Centers: New Grocers, New Restaurants and Trends

HOUSTON – (By Michelle Leigh Smith) – Patty Bender, long time Houston-based executive in the shopping center industry, joined Vista Private Equity Group as a partner after a 33-year career with Weingarten Realty Investors. Vista Equities Group is part of the Vista Companies, a Houston-based real estate services group led by veteran  Texas developer Woody Mann. Vista focuses on the ... Read More »

Santikos Developing 90,000 SF Retail Center in Tomball

TOMBALL — Santikos Entertainment is developing a 90,000-SF retail center adjacent to its cinema in Tomball, northwest of Houston. The Weitzman Group is pre-leasing the project, called Northpointe Shopping Center, located at the northeast corner of Windsor Pointe Drive and SH-249, in a dense area of Tomball. Randy Hopper and Edward Heap with Weitzman handle leasing for the project. The ... Read More »

Fidelis Buys 641,000-SF Retail Center in North Texas

DENTON, Texas – Fidelis Realty Partners of Houston has acquired for Rayzor Ranch Marketplace, a 641,000-SF fully-leased retail power center in the Dallas-Fort Worth-area community of Denton. Holliday Fenoglio Fowler arranged $32.53 million in acquisition financing for Fidelis, a retail-focused firm, led by Alan Hassenflu. HFF, led by Jim Curtin, worked on behalf of Fidelis Realty Partners, to place the 10-year, ... Read More »

Greenspoint Retail Center Sells for $15 Million

HOUSTON – CBRE handled the sale of West Road Collection, a neighborhood shopping center the Greenspoint area of north Houston to Hass Holdings LLC for $15 million. The deal commanded one of the highest prices per square foot in the area, signifying the great demand for retail space in this part of the country. CBRE’s Richard Rizika represented the seller, ... Read More »

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