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Category Archives: Retail

Magic Johnson Group and Midway Buy Downtown Houston Project

By Ralph Bivins Canyon-Johnson, a group headlined by former Los Angeles Lakers star Magic Johnson, and Houston-based developer Midway have acquired the Houston Pavilions mixed-used project in downtown Houston. The 560,000-sf project, built in 2008, covers several blocks near the intersection of Fannin and Dallas streets. The property, developed with government assistance designed to enhance downtown, was taken into receivership last ... Read More »

Weingarten Leaves the Warehouse Business, Selling 52 Properties for $382 Million

HOUSTON -Weingarten Realty Investors, a Houston-based REIT, has sold 52 industrial properties for $382.4 million, enabling Weingarten to focus solely on shopping centers. “The completion of this portfolio sale is a significant step in our previously outlined capital recycling initiative and effectively positions Weingarten as a pure-play retail REIT. We will continue our commitment in building shareholder value through the ... Read More »

Centennial Buys Retail in North Texas

NORTH RICHLAND HILLS, Texas  – Centennial Real Estate bought The Crossing, a 247,720-square-foot community center located in North Richland Hills, Texas. The Crossing is anchored by Kohl’s and shadow anchored by a Kroger Signature store. It is positioned at the northwest corner of the intersection of Grapevine Highway and the newly-widened Precinct Line Road, and lies within the civic core ... Read More »

Bass Brother Starts 3 Mixed-Use Buildings in Downtown Ft. Worth

FORT WORTH – Sundance Square has started work on three new buildings in the center of the 35-block office, retail, and entertainment district in downtown Fort Worth. The building names were also revealed and in keeping with Sundance Square’s heritage, the new buildings will be known as The Commerce Building located at 420 Commerce Street; The Westbrook situated at 425 ... Read More »

Hartman REIT Buys Dallas Area Retail Center

ARLINGTON, Texas  –  Hartman Income REIT, Inc., a Houston based Real Estate Investment Trust, announced that Hartman Short Term Properties XX, Inc. an affiliate, has purchased Cooper Street Shopping Center from Regency Centers, LP. Cooper Street SC – A 127,696 square foot, three  building retail center with a single tenant pad site at the highly desirable intersection of Cooper Street and ... Read More »

Weingarten Selling Industrial Properties; Announces $382 Million Sale

HOUSTON – Weingarten Realty Investors announced the sale of 52 industrial buildings and warehouses as part of its move to sell off its industrial properties and focus only on retail centers. The Houston-based REIT will sell the properties to DRA Advisors LLC. The portfolio is comprised of 52 industrial  properties, aggregating approximately 9.6 million square feet located in   Florida, Georgia, Tennessee, ... Read More »

Del Taco to Open 40 Locations in Houston

HOUSTON – Del Taco, the No. 2 fast service Mexican chain, announced plans to open 40 outlets the the Houston area. Del Taco began its Texas expansion in the Dallas/ Ft. Worth market. Over the past 18 months, Del Taco has opened seven locations including Dallas, Denton, Hurst, McKinney, Plano and Watauga On Wednesday, Del Taco  opened its first Houston ... Read More »

Chiquita Banana Facility and Adjacent Miami Land Sold for $57 Million

MIAMI, Fla/ – HFF handled the sale of 22 acres of land within Midtown Miami comprised of 16 acres within the 56-acre Midtown Miami development and the six-acre former Chiquita Banana facility bordering the development. HFF marketed the property on behalf of the seller, Midtown Equities, LLC.  Midtown Opportunities, LLC, a private investment group, acquired the land for $57.25 million in an ... Read More »

Houston Power Center Sold

HOUSTON – HFF has closed the sale of The Crossing at Fort Bend, a 116,064-square-foot retail power center in Sugar Land, Texas. HFF marketed the property on behalf of the seller. MCOM SHOPPING CENTERS LLC purchased the asset for an undisclosed amount and Prosperity Bank provided third party financing for the buyer. The Crossing at Fort Bend is situated on ... Read More »

Bass to Develop Three Buildings in Downtown Fort Worth

FORT WORTH, Texas — Three new mixed-use buildings are proposed for the Sundance Square district in downtown Fort Worth, according to the Fort Worth Star-Telegram. The three new buildings will have 221,000 sf of office space and 41,500 sf of retail space.  The first building will be located at 420 Commerce Street at Main Street. The developer is Ed Bass ... Read More »

Hines Sells Retail Center in Mexico

MEXICO CITY – The Mexico City office of Hines announced  the sale of City Center Pitic to MexFund S.A.P.I, a Mexico-based real estate investment firm.  Financials on the deal were not disclosed. The Mexico City office of CBRE represented Hines in the transaction, while MexFund was self-represented. The 188,063-square-foot, open-air retail center contains more than 60 shops, plus Walmart Supercenter ... Read More »

Inland Buys Houston Retail for $172 Million

HOUSTON – Inland Real Estate Acquisitions, Inc., the purchasing arm of The Inland Real Estate Group of Companies announced its $172 million acquisition of a five-property portfolio from NewQuest Properties in Houston and League City, Texas. The portfolio includes a variety of multi-tenant and single tenant assets with over 710,000 square feet of retail space. Four of the five properties ... Read More »

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