Younger Partners Investments Acquires 288,000-Square Foot Retail Portfolio

MCKINNEY and LONGVIEW, Texas (Jan. 6, 2025) – Dallas-based Younger Partners Investments (YPI) acquired a two-property, 288,063-square-foot retail portfolio from the developer, Weber & Company.  

The addition of these properties brings YPI’s portfolio to over 1,000,000 square feet of retail. The acquisition also marks YPI’s expansion into East Texas while strengthening its existing North Texas holdings.

“These high-quality, Class A regional centers built in 2007 & 2008 respectively, have never traded. The centers have very limited vacancy. We are thrilled to enhance value when opportunities arise, such as the recently announced Party City bankruptcy. This creates an opportunity for a freestanding 12,000 square foot user in 380 Towne Crossing,” said Managing Director, Micah Ashford.

The 137,287-square-foot 380 Towne Crossing is at 2014 W. University Drive, at the northwest corner of US 75 and SH 380 in McKinney. The center is shadow anchored by Super Target and Lowe’s Home Improvement. The center’s occupancy is 98.2%, with a diverse tenant mix including FedEx Office, Buffalo Wild Wings, Leslie’s Pool, Cook Children’s Pediatrics, Storming Crab, Jimmy John’s and Sleep Experts.

“McKinney, known for its small-town charm and big-time growth, is the fourth-fastest growing city in the nation,” said Kathy Permenter, Co-Managing Partner. “380 Towne Crossing has prime visibility from two major highways and is close to Raytheon’s McKinney campus. These and other factors make it an ideal location for robust tenant sales.”

The 95.6%-occupied Longview Towne Crossing consists of 150,775 square feet. Located at 3092 N. Eastman Road at the northeast corner of US 259 and Hawkins Parkway, the property’s anchors are PetSmart, Five Below and Old Navy. Target and Kohl’s serve as the center’s shadow anchors. Other tenants include James Avery, Cowboy Chicken, Sport Clips, Ulta Beauty, Crumbl Cookies, Sleep Number and Lane Bryant.

“Longview enjoys an exceptional infrastructure that has attracted companies, including Westlake Chemical, Eastman Chemical and Komatsu. We anticipate more companies will target this region for expansion in the coming years,” said Moody Younger, Co-Managing Partner.