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<\/p>\nPresidio Portfolio Includes 66 Acres near I-35W and North Tarrant Parkway<\/p>\n
FORT WORTH, Texas (March 17, 2026) \u2013 Dallas-based Younger Partners Investments (YPI) acquired a fully-leased, three-property, 375,000-square-foot retail portfolio at I-35W and North Tarrant Parkway from developer Weber & Company. The portfolio, known as Presidio Junction, consists of three contiguous retail centers: Presidio Towne Crossing, Tehama Towne Crossing and Vista Ridge. The 100% 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.<\/p>\n
Developed between 2015 and 2020, the property also includes nine ground leases to restaurants and retailers such as Whataburger, Chick-fil-A, Uncle Julio\u2019s, Jack in the Box and Chuck E. Cheese. \u201cThis is a tremendous boost to our Texas portfolio, which has grown to almost 1.4 million square feet of retail,\u201d said Micah Ashford, Managing Director of Younger Partners Investments.\u00a0 \u201cThis 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.\u201d<\/p>\n
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Younger Partners represented the buyer, Younger Partners Investments, led by Ashford, Co-Managing Partners Moody Younger and Kathy Permenter and team members Cort Martin and Susan Rasberry. \u201cThe North Fort Worth submarket has robust retail market fundamentals with an occupancy rate of 97.2%,\u201d Permenter added. \u201cMedian home sale prices range around $420,000 to $460,000, driven by newer subdivisions, quality schools in the Northwest and Keller ISDs and strong commuter access.\u201d <\/p>\n
– Advertisement – Adding to the retail growth in the area is the neighboring North City development, with Living Spaces and Andretti Indoor Karting, expanding its $1.3 billion mixed-use development with more multifamily and retail under construction. Younger Partners Property Services will provide property management, while Younger Partners will handle leasing at Presidio Junction. Ashford said YPI will begin updating Presidio Junction this year with wayfinding improvements and additional signage.<\/p>\n The acquisition was financed with a senior loan facility from a life insurance company from its core floater bucket and preferred equity from an institutional investor. \u00a0Institutional Property Advisors (IPA) Senior Managing Director Adam Mengacci arranged both the senior loan and preferred equity.\u00a0The transaction closed on March 16.<\/p>\n The YPI portfolio includes several retail centers: 380 Towne Crossing, Shops at Prosper Trail, Heath Town Center, Longview Towne Crossing, Midlothian Towne Crossing and Artisan Circle. \u201cThese types of grocery-anchored and shadow-anchored open-air centers present Texas-sized opportunities,\u201d Ashford added.\u00a0 \u201cWe plan to continue expanding our retail portfolio with similar acquisitions as investor demand for assets such as Presidio Junction remains strong.\u201d<\/p>\n About Younger Partners Investments Dallas-based Younger Partners Investments (YPI) was formed in 2020 to acquire retail investment properties across Texas. From neighborhood grocery-anchored centers to lifestyle shopping centers, YPI seeks opportunities to create value for investors by acquiring unassailable assets. With a vision for excellence and a team of experienced principals in place, YPI approaches each prospective acquisition with an eye for quality and realistic expectations to create long-term value for our investors. Our affiliate, Younger Partners (YP), provides high-quality leasing and property management for our assets.\u00a0For more information, please visit\u00a0www.youngerpartnersinvestments.com<\/a>.<\/p>\n![\"\"](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2026\/02\/TESS-Digital-Ad-FRENO-300x250-1.jpg\")
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