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Category Archives: Retail

Cencor Breaks Ground on 140,000-SF Shopping Center South of Houston, Near Big Dow Chemical Plant Expansion

CLUTE, Texas —Cencor Realty Services has broken ground on Woodshore Marketplace, a 140,000-square-foot shopping center at the southeast corner of Oyster Creek Drive and Dixie Drive within the master-planned Woodshore community near Houston. The project is near the massive Dow Chemical operation, a 4,200-employee facility in the immediate area, with plans for another 2,000 jobs in 2016. Woodshore Marketplace will be ... Read More »

Inland Buys Shopping Center in Houston’s Energy Corridor

HOUSTON – Inland American Real Estate Trust purchased the Green Tree Shopping Center, a 147,658-square-foot, 99-percent-leased power center in the Energy Corridor area of west Houston. Despite a softening in the Houston economy due to falling oil prices, demand for quality retail properties remains strong, says Rusty Tamlyn of HFF which represented the seller, a California TIC group managed by ... Read More »

Simon Planning to Upgrade Luxury Offerings in $250 Million Renovation of Houston’s Galleria

HOUSTON – Simon, the global retail real estate company, has announced a $30 million renovation of Houston Galleria’s luxury wing as part of $250 million re-do of the landmark mixed-use project. Complementing the previously announced construction of a new, state-of-the-art flagship Saks store, the addition of 110,000 square feet of new retail space and the creation of a 14,000 square ... Read More »

CBRE: Houston Retail Center Market Hits Record High

HOUSTON – Houston’s retail center market occupancy is at its highest point ever and it’s filling up fast, according to the CBRE Group. Occupancy hit 93.4 percent at the end of the year and many prime retail centers in Houston are running 100 percent occupancy, according to a CBRE Texas Marketflash report issued this week. Leasing is strong and a ... Read More »

Sale of AmREIT Firm Approved: Closing of Deal in Late Feb.

HOUSTON —  Shareholders of AmREIT Inc., a Houston-based real estate development firm, have approved the sale of AmREIT to South Carolina-based Edens Investment Trust. AmREIT controls a number of significant retail centers and mixed-use projects including the Uptown Park, a major Houston center that is undergoing a major redevelopment and high-rise densification. The deal will close between Feb. 18 and Feb ... Read More »

32 New Grocery Stores Will Be Built in Houston in 2015

HOUSTON – Houston is experiencing a retail construction boom with 32 new grocery stores, along with other retail properties in the 2015 pipeline, according to a retail survey by Wulfe & Co. Wulfe projected that 3.7 million square feet of retail space will open in the Houston area this year, a 56 percent increase over last year. Houston’s retail construction ... Read More »

CBRE Acquires UCR of Dallas

DALLAS – CBRE Group, Inc.  has acquired United Commercial Realty (UCR), a Dallas-based commercial real estate firm specializing in retail services. UCR manages retail properties for institutional investors nationally and provides brokerage services for them and for leading retailers across Texas and other markets. “The UCR professionals are a wonderful addition to our team in Texas and our national retail brokerage and property management ... Read More »

CBL/Stirling Developing Large Retail Center in Lafayette, Louisiana

LAFAYETTE, La. — CBL & Associates Properties and Stirling Properties created a joint venture to develop Ambassador Town Center in Lafayette, Louisiana. On a 58-acre site, the retail center will be built in one phase and will be 425,000 square feet with major retailers including Costco, Dick’s Sporting Goods, Field & Stream, Marshalls,HomeGoods, Nordstrom Rack, Off Broadway Shoes, Chuy’s, Panera Bread and Freddy’s Frozen Custard & Steakburgers. The majority of ... Read More »

Whitestone REIT Pays $40.7 Million for Sugar Land Retail Centers

HOUSTON – Houston-based Whitestone REIT has acquired two shopping centers, Williams Trace Plaza and Shops at Williams Trace in the Houston suburb of Sugar Land for $40.7 million. Williams Trace Plaza, purchased for $20.1 million, is 129,222 square foot center on 15 acres. Occupancy of the center is currently 95 percent. The Shops at Williams Trace, with a price of ... Read More »

Neiman Marcus to Anchor New Simon/Cassco Center in Fort Worth

FORT WORTH – Neiman Marcus will be the anchor tenant for a new 500,000-square-foot retail center that will be developed in Fort Worth by the Simon shopping center firm and Cassco Development Co. The center is part of the Edwards Ranch development. The 500,000 square foot shopping destination, called The Shops at Clearfork, will be anchored by Neiman Marcus and ... Read More »

Edens Agrees to Buy AmREIT for $763 Million

HOUSTON — Edens Investment Trust has agreed to acquire AmREIT Inc., a Houston-based real estate development firm for $763 million. AmREIT controls a number of significant retail centers and mixed-use projects including the Uptown Park, a Houston center that is undergoing a major redevelopment and high-rise densification. Edens will pay $26.55 per share in an all-cash transaction for AmREIT’s shares, ... Read More »

Huge Mixed-Use Infill Project will Feature Simon Outlet Mall, Multifamily and 600,000 SF Office on Southwest Freeway

HOUSTON – Street Level Investments is acquiring one of the largest infill sites in Houston for a mixed-use project that is expected to include a 400,000-square-foot Simon Premium Outlet retail center, 600,000 square feet of office space, 60 acres of multifamily development and a hotel. The 192-acre site, with an enormous half-mile of frontage on the Southwest Freeway, has been ... Read More »

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