SAN ANTONIO \u2013 (Realty News Report) \u2013 Dhanani Private Equity Group, a Houston-based real estate firm, acquired the Park North Shopping Center, a major 635,325-SF regional retail center in San Antonio.<\/p>\n
The transaction marks the largest shopping center sale in San Antonio since 2021, according to JLL Capital Markets, which handled the sale.<\/p>\n
JLL worked on behalf of the seller, the Sterling Organization<\/a>, a private equity real estate investment firm headquartered in West Palm Beach, Fla.<\/p>\n Park North Shopping Center, located on 45.8 acres at 842 NW Loop 410, offers access to 241,000 vehicles per day on Loop 410.<\/p>\n The center, which is 93.3% leased, is anchored by Target on a ground lease, and features a mix of entertainment, shopping and dining options including Pinstack, Alamo Drafthouse Cinema, Norris Conference Centers and Outlaw Pickleball.<\/p>\n JLL Capital Market\u2019s Investment Sales and Advisory team was led by Senior Managing Directors Chris Gerard and Barry Brown and Directors Erin Lazarus and Whitney Snell.<\/p>\n The transaction was the largest San Antonio retail deal since The Rim<\/a>, a 1.6 million SF center was sold by a Hines fund for $219.7 million in 2021.\u00a0 JLL also handled that sale.<\/p>\n \u201cPark North represented an exceptional opportunity to acquire a premier regional shopping destination with significant value-add potential,\u201d said JLL\u2019s Gerard. \u201cJLL has now facilitated the two largest shopping center sales in San Antonio since 2021, demonstrating our deep market knowledge and ability to execute complex transactions in this dynamic market.\u201d<\/p>\n The shopping center serves a trade area of more than 304,100 consumers within a five-mile radius with an average household income of $95,057.<\/p>\n Park North Shopping Center ranks in the top 2% of most-trafficked shopping centers in the United States with 7.1 million annual visits and a 17.9% increase in visits since 2022.<\/p>\n Founded by CEO Nick Dhanani, Dhanani Private Equity Group invests in and develops multifamily, shopping centers, office, and convenience store properties. Dhanani recently acquired Ashford Village<\/a>, a shopping center anchored by Japanese grocery store Seiwa Market in west Houston. Previous investments include Fountains on the Lake in Stafford and the Galleria Park office buildings.<\/p>\n Dec. 17, 2025 Realty News Report Copyright 2025<\/p>\n Image courtesy JLL<\/p>\n THE RALPH BIVINS PROJECT PODCAST<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with David Hightower\u00a0\u00a0\u00a0<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Alex Kamkar of Bold Fox Development<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Brad McWhirter of Trahan Architects<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Lacee Jacobs of Rebel Retail Advisors<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Danny Rice of Colliers<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Trey Odom of Avera<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Kris Larson of Downtown Houston +<\/a><\/p>\n LISTEN:\u00a0THE RALPH BIVINS PROJECT with Jim Carman of Howard Hughes Holdings<\/a><\/p>\n