Dallas-based Younger Partners Investments (YPI) acquired a fully leased, three-property, 375,000-square-foot retail portfolio at Interstate 35W and North Tarrant Parkway from developer Weber & Co.
The portfolio, known as Presidio Junction, consists of three contiguous retail centers: Presidio Towne Crossing, Tehama Towne Crossing and Vista Ridge. The 100 percent leased shopping centers are shadow anchored by Target and Costco and feature national retailers, including TJ Maxx, HomeGoods, Ross, Aldi, Petco, Old Navy, Sephora, Shoe Carnival, Five Below, Daiso and Rally House.
Developed between 2015 and 2020, the property also includes nine ground leases to restaurants and retailers such as Whataburger, Chick-fil-A, Uncle Julio’s, Jack in the Box and Chuck E. Cheese.
“This is a tremendous boost to our Texas portfolio, which has grown to almost 1.4 million square feet of retail,” said Micah Ashford, managing director at Younger Partners Investments. “Th
