Younger Partners Investments has secured $113.7 million in life company financing and preferred equity for the acquisition of three contiguous retail centers totaling 375,000 square feet in Fort Worth, Texas.
The portfolio includes Presidio Towne Crossing, Tehama Towne Crossing and Vista Ridge. Now collectively known as Presidio Junction, the centers are 100 percent leased and include tenants such as TJ Maxx, HomeGoods, Aldi, Petco, Old Navy, Sephora and Five Below. YPI plans to implement capital improvements at Presidio Junction this year, including wayfinding and signage enhancements.
“This is a tremendous addition to our Texas portfolio, which has grown to nearly 1.4 million square feet of retail,” said Micah Ashford, managing director at YPI. “This acquisition strengthens our presence in Tarrant County and marks our continued expansion into Fort Worth, where we also own Artisan Circle in the Cultural District. We plan to continue expanding our retail portfoli
