Home›Real Estate›Industry›CenterPoint Commercial buys 12-acre retail site in Wax…

CenterPoint Commercial buys 12-acre retail site in Waxahachie, Texas

The purchase is part of Village at Soma Creek, a larger 76.7-acre master-planned project that includes about 22 acres of retail and about 54.7 acres of residential space.

Reported · Written up by our desk · Industry

CenterPoint Commercial Properties has acquired a 12-acre retail development site at the northeast quadrant of US-77 and Grove Creek Road in Waxahachie, Texas, as it advances Village at Soma Creek, according to ConnectCRE.

The acquired parcel is described as a key portion of an approximately 22-acre retail component within a broader 76.7-acre master-planned development that also includes about 54.7 acres planned for residential use.

CenterPoint said it intends to develop the property with a mix of national and regional retailers, restaurants, and service-oriented uses, using pad sites, ground leases, and build-to-suit opportunities.

ConnectCRE also said the company is already negotiating terms with se

More like this

Sources