REAL ESTATE

Whole Foods to open first Fort Worth, Texas, store

BY Michael Fickes

Fort Worth, Texas — Whole Foods Market has leased a 45,000-sq.-ft. location in Waterside, the new 63-acre master-planned, mixed-use property being developed by Trademark Property Co. Slated to open in the spring of 2016, it will be Whole Foods first grocery in Fort Worth.

Located on the Trinity River, Waterside will offer retail, restaurants, office, hotel and residential uses in a walk-able setting that will include a new extension of the Trinity Trail.

Plans call of 185,000 sq. ft. of retail space and riverside restaurants, 20 to 30 acres of residential development including multi-family buildings and townhomes, 100,000 to 200,000 sq. ft. of office space and a signature hotel site.

Plans call for construction to begin this fall, with Phase I scheduled to open in the fall of next year.

Waterside is Trademark’s first “Conscious Place” project, a next-generation sustainable development model being done in partnership with Whole Foods Market.

Conscious Place plans call for a variety of amenities, many of them unique to Waterside, including an “information station” with interactive displays, as well as a designated area for community promotion, and a covered community pavilion with inspirational quotes, photos and videos. Another feature is The Grove, a one-of-a-kind outdoor space built around several existing large heritage trees, including adult and children’s play areas, and outdoor patios for restaurants, both conventional and micro-restaurants, akin to permanent food trucks.

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REAL ESTATE

Baker Katz buys four properties in Houston metro area

BY Michael Fickes

Houston, Texas — Baker Katz has acquired four retail properties throughout the greater Houston area — in the neighboring cities of Port Arthur, Lake Jackson, Beaumont and Tomball.

The Port Arthur property is a 90,000-sq.-ft., single-tenant building purchased from the Sutherland Lumber Co. for an undisclosed amount. Baker Katz plans to renovate the building and convert it to a multi-tenant space. Hobby Lobby has signed a 58,000-sq.-ft. lease, and Party City has signed a lease for 13,000 sq. ft.

In Lake Jackson, Baker Katz acquired a 2.5-acre property with a 10,000-sq.-ft. restaurant currently occupied by Ryan’s Steakhouse.

The Beaumont property is 1.26 acres. A Chinese restaurant previously occupied the site. The company plans to tear the existing building down and rebuild a multi-tenant shopping center with a fast-food pad.

The fourth property is located in Tomball. The parcel, formerly home to a gas station, is just under three-quarters of an acre. Baker Kat purchased the tract from the gas station operator and plans to build a small retail center on the site. The new center will support a large retail center across the street, which Baker Katz purchased in 2010.

Baker Katz is a full-service commercial real estate brokerage and an X Team International partner. X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe.

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REAL ESTATE

SRS names senior associate in Dallas office

BY Michael Fickes

Dallas — SRS Real Estate Partners has named Carissa Brown senior associate in the Dallas-Fort Worth office. Brown will focus on tenant representation, landlord representation and SRS urban services.

Brown joins SRS from Venture Commercial, where she specialized in site selection and market expansion strategies for retailers. She was a member of Venture Commercial’s top producing team for 2013, helping to increase production by more than 75%.

Prior to her time at Venture Commercial, Brown founded a successful e-commerce designer apparel company. Her e-commerce background affords her insight and understanding into the challenges brick-and-mortar stores face to stay relevant in an increasingly digital commerce world.

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