Tuesday , 24 October 2017
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Category Archives: Retail

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 »

Houston’s Barrel-Shaped Lucky Burger Site Sold

HOUSTON – The Lucky Burger site, recognizable for its two-story beer barrel architecture, has been sold to a Braun Enterprises partnership, according to a report in the Houston Chronicle. The well-known hamburger joint is part of 1.4-acre parcel on Richmond Avenue at Mandell in the Montrose district in Houston’s Inner Loop. The property will be held for future redevelopment and ... Read More »

LaSalle Investment Enters JV With Midway in City Centre

HOUSTON –  LaSalle Investment Management, Inc. and Midway Cos. have formed a joint venture for the City Centre II and City Centre III mixed-use buildings in west Houston near the Katy Freeway and Beltway 8. CityCentre II is comprised of 128,499 square feet of office space plus 21,328 square feet of ground floor retail space.  The six-story property, which was ... Read More »

Eagle Ford Shale Drilling Prompts Mixed-Use Project

KENEDY, Texas – The Eagle Ford shale gas exploration play south of San Antonio has prompted Abrego Development to start Kenedy Station, a 166-acre mixed-use project. The drilling boom in the vast Eagle Ford Shale area has created a shortage of housing and retail services for thousands of workers that have come to South Texas to work in the energy ... Read More »

Crow Buys San Antonio Mixed-Use Project

SAN ANTONIO – Crow Holdings Capital Partners San Antonio’s first urban main street development, Quarry Village, for an undisclosed amount.  The  10.7-acre, mixed-use property includes The Artessa, a 280-unit luxury apartment community, and a 70,785-square-foot retail development. The seller, Embrey Partners of San Antonio and equity partner, Nationwide Insurance, was represented by Craig LaFollette of Holliday Fenoglio Fowler.  At the time ... Read More »

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