IPA Capital Markets, the investment‑sales arm of Marcus & Millichap, announced a $113.7 million life‑company financing and preferred equity package to acquire three contiguous retail centers in Fort Worth, Texas, totaling 375,000 sq ft.
The centers—Presidio Towne Crossing, Tehama Towne Crossing, and Vista Ridge—are collectively known as Presidio Junction. All three properties are 100% leased, with anchor tenants including TJ Maxx, HomeGoods, Aldi, Petco, Old Navy, Sephora, and Five Below.
Younger Partners Investments (YPI) is the buyer, represented by Adam Mengacci, senior managing director of IPA Capital Markets in Dallas. YPI plans capital improvements such as wayfinding and signage enhancements to further strengthen the portfolio.
The acquisition expands YPI’s Texas retail holdings to nearly 1.4 million sq ft, reinforcing its presence in Tarrant County and complementing existing assets like Artisan Circle. The deal reflects continued investor confidence in core retail assets amid a recovering middle‑market retail sector.
The transaction demonstrates IPA Capital Markets’ ability to secure significant financing for large acquisitions, signaling robust demand for well‑leased retail properties. Fort Worth’s retail market remains attractive, with vacancy rates below the national average and steady rental growth, supporting the long‑term value of the acquired centers.
The $113.7 million financing arrangement underscores the resilience of the middle‑market retail sector and the strategic growth trajectory of YPI, while reinforcing IPA Capital Markets’ role as a key facilitator of capital for commercial real estate transactions.
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