CBRE Announces Initial Slate of Tenants for New Retail Development East of Dallas
On behalf of RealtyLink and Oakridge Investments, CBRE announces an initial slate of tenants for the Crossroads at Terrell, a 190,000-square-foot retail development at the northwest corner of Interstate 20 and FM 148.
The Crossroads at Terrell is a 255-acre master-planned regional retail and mixed-used development servicing the eastern side of DFW and the greater East Texas area and is located adjacent to North Texas’s first Buc-ee’s Travel Center and a 52-acre future Baylor Scott & White Health medical campus. A number of national retailers have executed transactions and are slated to open in Spring 2019, including:
- Hobby Lobby
- Ross
- Five Below
- Rack Room Shoes
- Burke’s Outlet
- Ulta
- Marshall’s
- Chick-Fil-A
- Tru by Hilton
- La Quinta
These new tenants will join Film Alley Movie Entertainment Center, a 74,000-square-foot movie theatre, bowling alley, and entertainment facility which is under construction and scheduled to open in 2019.
“Texas is a growing market that RealtyLink has been looking to get into for some time,” said Phil Wilson with RealtyLink. “With Dallas-Fort Worth adding well over 100,000 residents per year over the last several years, The Crossroads at Terrell is a great place to start. The development is located in a dynamic regional trade area with a population of more than 230,000 that serves all of Kaufman and Van Zandt counties, making it a primary retail development and commercial hub for the entire region. Kaufman County is the fourth fastest growing county in Texas and the fastest growing county in North Texas. We are excited to get started on construction immediately.”
In addition to Buc-ee’s and Film Alley, the development is gaining momentum from a number of restaurants who have already opened, including Taco Bueno, Panda Express, Freddy’s Frozen Custard, Starbucks, Chipotle, Whataburger, Discount Tire, Taco Cabana, and Dairy Queen. Marriott Fairfield Inn also opened earlier this year.
Andrew Lehner with CBRE in Dallas is marketing the project on behalf of RealtyLink. Shop space, restaurant space, and pad sites are still available.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
