Texas

AUSTIN, TEXAS — Phoenix-based Cole Real Estate Investments has acquired Mueller Regional Retail Center, a 351,462-square-foot retail property located in Austin. The center is anchored by The Home Depot, Best Buy, Marshalls, PetSmart, Staples and Bed, Bath & Beyond. The seller as well as the acquisition price were not disclosed.

HOUSTON — Tootsies has announced that it will relocate its Houston store to the 34,000-square-foot anchor space at West Ave, a seven-story multi-use residential project located at the intersection of Westheimer and Kirby in Houston. Build-out for the space will begin in the summer, and Gensler will serve as the architect of record. Tootsies will join Zaika, Eddie V's, Cru and Rome in the 190,000-square-foot retail and restaurant component of the project. Above the two levels of retail space, West Ave will also contain 389 luxury apartment units. Approximately 40 percent of the retail space is lease and 70 percent of the residential space, which opened last February, is leased. The project's first retail openings will begin in May. The owners of West Ave are Gables Residential and Northwestern Mutual.

KILGORE, TEXAS — Marcus & Millichap has brokered the sale of a 14,820-square-foot, freestanding Walgreens pharmacy located in Kilgore for $4.98 million. The building is located at 701 N. Highway 250. Walgreens has 73 years remaining on its absolute net lease of the building. Alvin Mansour and Phil Sambazis of Marcus & Millichap's San Diego office, along with Will Jarnagin of the firm's Dallas office, represented the seller, a Texas developer. Tim Speck of Marcus & Millichap assisted in the transaction. The buyer was not disclosed.

EL PASO, TEXAS — A movie theater will join the tenant roster at Freedom Crossing, a $100 million retail center currently under development at Fort Bliss in El Paso. Southern Theatres will open The Grand Theatre, a 10-screen venue that will feature more than 1,700 seats and expansion capability. The grand opening is slated for this fall. Freedom Crossing is being developed as a public-private partnership between The Army & Air Force Exchange Service and ServiceStar Development Co. In addition to the theater, the 455,875-square-foot theater will be anchored by expanded versions of the base's Post Exchange and Commissary. Other retail offerings for the open-air center will include apparel, jewelry, sporting goods and restaurants.