Texas retail is riding high with Younger Partners, owners of Artisan Circle, saddling up to corral more holdings in Fort Worth.<\/p>\n
The company acquired three contiguous centers in the fast-growing northern sector of the city.\u00a0<\/p>\n
On March 16 the Dallas-based firm acquired Presidio Junction, a 375,000-square-foot shopping center portfolio in north Fort Worth, just off Interstate 35 and North Tarrant Parkway. That brings the Younger Partners portfolio to more than 1.4 million square feet across the state.\u00a0<\/p>\n
The acquisition\u00a0 consists of three contiguous retail centers: Presidio Towne Crossing, Tehama Towne Crossing and Vista Ridge. Developed between 2015 and 2020, the property includes nine ground leases to restaurants and retailers such as Whataburger, Chick-fil-A, Uncle Julio\u2019s and Chuck E. Cheese.<\/p>\n
Younger Partners purchased the fully leased center from developer Weber & Company.<\/p>\n
\u201cWhen we were going to look at it, I could not believe how busy this shopping center is,\u201d said Moody Younger, co-managing partner. \u201cIt\u2019s one of the busiest centers I’ve ever been to. We really look at the location and the land and how valuable we think that will be over time. This is just a fabulous location.\u201d\u00a0<\/p>\n
Younger Partners represented themselves in the purchase, led by Micah Ashford, co-managing partners Moody Younger and Kathy Permenter and team members Cort Martin and Susan Rasberry.<\/p>\n
\u201cThe north Fort Worth submarket has robust retail market fundamentals with an occupancy rate of 97.2%,\u201d Permenter said. \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
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.<\/p>\n
Younger Partners Property Services will provide property management, while Younger Partners will handle leasing at Presidio Junction. Ashford said updates to Presidio Junction this year will begin with wayfinding improvements and additional signage.<\/p>\n
The Younger Partners portfolio includes several retail centers around the state.\u00a0<\/p>\n
\u201cThe market is great in Fort Worth and the growing population only adds to that,\u201d he said. \u201cWe plan to continue expanding our retail portfolio with similar acquisitions.\u201d<\/p>\n
Younger Partner\u2019s acquisition includes Presidio Towne Crossing, which was ranked at No. 4 in real estate firm JLL\u2019s recent list<\/a> of Texas\u2019 most-visited retail centers based on foot traffic. JLL reports that vacancies at retail centers, particularly power centers and general retail, is below 5% in the Dallas-Fort Worth area.\u00a0<\/p>\n \u201cGrocery-anchored centers, particularly those featuring Tom Thumb, H-E-B and Kroger,<\/p>\n remain the backbone of D-FW’s retail success, consistently drawing both foot<\/p>\n traffic and complementary tenants,\u201d according to the report.\u00a0<\/p>\n The report should please municipalities as well. Retail sales tax collections in Dallas-Fort Worth increased by $145 million in 2025, signaling sustained growth in consumer spending and retail demand.\u00a0<\/p>\n For the third year in a row, the Dallas-Fort Worth retail market achieved record overall occupancy, according to a separate report, <\/a>from Dallas-based retail real estate firm Weizman.\u00a0<\/p>\n As of year-end 2025, the retail market posted record occupancy of 95.3%, besting the record of 95.1% set in the two previous years.<\/p>\n Aviation consultancy lands acquisition\u00a0<\/p>\n The Paslay Group is adding Chicago-based Unison Consulting<\/a> to its lineup of services.\u00a0<\/p>\n A Fort Worth-based consulting group that provides consulting services to airports across the country has added to its already lengthy list of services with the acquisition of Unison Group.<\/p>\n Paslay Group, a 20-year old company servicing 50 major airports, specializes in providing executive program management for complex development programs, concessions business planning, performance evaluation, and organizational development and strategy. Chicago-based Unison is known for its financial, concessions, economics, market research, and data analytics services.<\/p>\n Paslay Group marks its 20th anniversary this month and has served 50 U.S. airports, managing $51.7 billion in programs since 2006.\u00a0<\/p>\n Fairways near Fairmount?\u00a0<\/p>\n Five Iron Golf, an indoor golf and restaurant\/bar, opens its 10,000-square-foot Fort Worth location this spring at 824 W. Daggett Ave. in the Near Southside district.\u00a0<\/p>\n Five Iron Golf\u2019s venue is owned and operated by father-and-son duo Jim and Austin Waterman. The Watermans have operated multiple The Good Feet Store locations across North Texas. This is the first Five Iron Golf location in the state.\u00a0<\/p>\n Five Iron Golf blends tour-level simulator technology, professional instruction, league play and a full-service sports bar and restaurant aimed at serious golfers and more casual fans as well.\u00a0<\/p>\n \u201cThe Dallas\u2013Fort Worth area has always been home for us, and bringing Five Iron Golf to Fort Worth gives us the opportunity to create something that goes beyond entertainment,\u201d said Austin Waterman. \u201cThis location is designed to be a place people can build a routine, work on their game, and still enjoy the social side of golf, whether they\u2019re training regularly or gathering with friends.\u201d<\/p>\n The new location will employ about 40 people and include flexible indoor event spaces.\u00a0<\/p>\n Five Iron Golf currently has 40 locations across 16 states and five countries.<\/p>\n Brew news\u00a0<\/p>\n Fort Worth\u2019s Maple Branch Craft Brewery<\/a>, 2628 Whitmore St., has another gold honor to display. At the Texas Craft Brewers Guild\u2019s fifth annual statewide competition, the brewery took home a gold for Romonov\u2019s Revenge in the barleywine and strong ale category.\u00a0<\/p>\n Also taking home a gold and a bronze at the Texas Craft Brewer\u2019s Cup was False Idol Brewing of North Richland Hills. It received a gold for Passive Dissent in the Belgian and farmhouse ale category and a bronze for Snacks Ahoy in the decadent beer category.\u00a0<\/p>\n Do you have something for the Bob on Business column? Email Bob Francis, business editor for the Fort Worth Report, at bob.francis@fortworthreport.org<\/a>.\u00a0<\/p>\n