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Category Archives: Retail

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 »

Transwestern: 500,000-SF Town Center Planned in Fort Worth

FORT WORTH – De La Vega Group bought 90 acres in the Presidio North project for a 500,000-SF retail, restaurant, entertainment and hotel space. The seller was Diversified Real Estate Group of Las Vegas. Steve Williamson of Transwestern handled the sale. The new project, called The Citadel, located on Interstate 35 West at Heritage Trace Parkway. Oct. 7, 2016 Realty ... Read More »

CBRE: Record High Occupancy in Houston Retail Centers

HOUSTON – The market for retail center real estate is strong in Houston, with high occupancy rates and a brisk pace of leasing up new space, according to the CBRE Research. “The trend of record high occupancy continues across Houston; the average occupancy increased to 94.3 percent in the third quarter of 2016. Occupancy levels will remain at this level due to ... Read More »

Trademark Developing Westside Town Center on I-10

HOUSTON – Trademark Property Co., a Fort Worth-based developer specializing in mixed-use and retail, has agreed to develop an 82-acre town center on property owned by Westside Ventures Ltd. at the northwest corner of Interstate 10 and Mason Road in Katy, west of Houston. The first phase of project, covering 60 acres, will include retail, multifamily, office space and a ... Read More »

Glenbrook Square Shopping Center Sold

HOUSTON – Telephone Square LLC., a California investment entity led by Ai Hoa Wu, has acquired a 73,000-SF retail center near Houston’s Hobby Airport. The Kroger-anchored center, which is 92 percent leased, is located at the northwest corner of Telephone Road and Bellfort Avenue. The seller, Houston REIT Weingarten Realty Investors, was represented by George Cushing and Wendy Vandeventer of ... Read More »

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