Younger Partners Scoops up Fort Worth Shopping Centers

A Dallas investor is doubling down on North Fort Worth’s retail boom with a three-property purchase in one of the metro’s fastest-growing corridors.

Younger Partners Investments acquired the 375,000-square-foot Presidio Junction retail portfolio at I-35W and North Tarrant Parkway, closing on the deal Monday. The Dallas Business Journal reported that the seller was Dallas-based Weber & Company, and while the purchase price wasn’t disclosed, the buyer secured $113.7 million in financing from a life insurance company, according to a LinkedIn post from Institutional Property Advisors.

The portfolio includes Presidio Towne Crossing, Tehama Towne Crossing and Vista Ridge — a cluster of distinct shopping centers built between 2015 and 2020 and currently 100 percent leased, according to the outlet. The lineup is anchored by Target and Costco and includes national tenants such as TJ Maxx, HomeGoods, Ross, Aldi, Old Navy and Sephora, along with outparcel staples like Whataburger, Chick-fil-A and Chuck E. Cheese.

The deal expands Younger Partners’ retail stronghold, which now totals about 1.4 million square feet across Texas, according to the outlet. The firm will handle leasing in-house, while its property management arm oversees operations.

Co-managing partner Moody Younger said site visits at different times of day revealed consistently heavy foot traffic, pointing to strong design and location attributes. The firm plans modest upgrades, including additional wayfinding signage to improve navigation across the sprawling centers.

North Fort Worth has emerged as a magnet for rooftops and retail alike, with occupancy in the submarket hovering at about 97 percent, according to the buyer.

The properties also sit next to one of the area’s largest developments in the pipeline: the $1.1 billion, 148-acre North City project. The mixed-use development is already landing major tenants, including a 100,000-square-foot Andretti Indoor Karting and Games, Living Spaces and Carvana, adding to the corridor’s momentum, according to the publication.

That growth is being fueled by rising home values and new subdivisions feeding demand. Median home prices in the area range from roughly $420,000 to $460,000, supported by access to Northwest and Keller ISD schools and proximity to major commuter routes.

— Eric Weilbacher