Recent commercial real estate activity across Texas spans retail, office and industrial assets, alongside notable leadership changes within a regional owner-operator. In the Dallas/Fort Worth metro, Disney Investment Group (DIG) brokered the sale of Towne Crossing, a Kroger-anchored shopping center in Mesquite, Texas. The 167,957-square-foot property was developed in 1985 and is currently 92% leased. The center features 31 existing tenants, including Kroger and Hertz, with Kroger having operated at the site since the center opened. Kroger recently executed an early, long-term lease extension at the property.
David Disney and Adam Crockett of DIG exclusively represented the seller, PECO, in the Towne Crossing transaction and also procured the buyer, Newport Capital Partners. The shopping center is located within the Dallas/Fort Worth metropolitan statistical area, reinforcing institutional investor interest in stabilized, grocery-anchored retail with durable tenancy. No pricing or financing details were disclosed, but the long-term commitment from the anchor tenant and the high occupancy level provide context for the sale.
In Houston, Marcus & Millichap brokered the sale of The Preserve at North Loop, a seven-building office campus totaling 218,689 rentable square feet. The complex, located at 2010 N. Loop W., sits on 12.4 acres and was originally built in 1970. At the time of sale, the office campus was approximately 65% occupied. Keith Lloyd and Brad Mills of Marcus & Millichap marketed the asset on behalf of the seller, Silver Star CRE. The buyer and transaction terms were not disclosed.
Also in the Houston market, Apricus Realty Capital acquired 11403 N. Houston Rosslyn Road, an 18.56-acre industrial outdoor storage property in Northwest Houston. The site includes roughly 53,000 square feet of warehouse and service facilities situated on a large-scale pipe storage and distribution yard. The property is 100% leased to American Piping Products. Apricus completed the acquisition in partnership with ABR Capital Partners, with no additional financial or loan details released.
On the corporate side, Welcome Group announced promotions within its leadership team. The company elevated Ted Kakambouras to Senior Director of Acquisitions. Kakambouras, who joined Welcome Group in 2020, has been credited with helping expand the company’s footprint across the Southeast. The firm also promoted Ryan Wasaff to Senior Director of Leasing and Development, Greater Houston. Wasaff joined Welcome Group in September 2001 and has spent nearly 25 years contributing to the growth and performance of the company’s Houston portfolio. The promotions underscore Welcome Group’s focus on internal talent development and its commitment to the Greater Houston market.
