Gulf Coast Commercial Group, Nexus Real Estate Co. Partner to Develop Kroger-Anchored Shopping Center in Fate
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master-planned mixed-use developmenttechnical
A master-planned mixed-use development is a large-scale project designed from the ground up to combine different types of spaces, such as residential, retail, office, and recreational areas, into a single, cohesive community. It functions like a self-contained neighborhood where people can live, work, shop, and relax without needing to travel far. For investors, such developments can offer diversified income streams and long-term growth potential by creating vibrant, sustainable environments that attract residents and businesses alike.
pad sitestechnical
Pad sites are standalone pieces of land built with a retail or commercial building on them, often located near larger shopping centers or busy areas. They function like individual storefronts or small "outposts," making them easy to access and attract customers. For investors, pad sites can be valuable because they often generate steady rental income and are in prime locations with high visibility and traffic.
Class A retail spacetechnical
Class A retail space refers to high-quality, well-located retail properties that are modern, attractive, and in desirable areas with strong customer traffic. These spaces often feature premium building standards and amenities, making them highly sought after by tenants and investors. They tend to generate steady rental income and are seen as safer, more stable investments due to their prime location and condition.
pre-leasingtechnical
Pre-leasing is the process of signing rental agreements for a property before it is officially available for occupancy. It allows property owners to secure tenants in advance, often helping to generate early income and gauge demand. For investors, pre-leasing can indicate strong interest and reduce the time a property remains vacant once it opens.
anchoredtechnical
"Anchored" describes a situation where a value or expectation remains firmly fixed or linked to a specific reference point, even as other factors change. For investors, this can influence decisions by causing them to rely heavily on an initial estimate or previous value, which may not reflect current realities. Just as a boat remains steady when anchored to a fixed point, an investment can stay closely tied to a previous benchmark or idea.
FATE, Texas--(BUSINESS WIRE)--
Davidson Bogel Real Estate (“DB2RE”) is pleased to announce a new retail shopping center anchored by The Kroger Co. (NYSE: KR) in Fate, Texas. Houston-based real estate developer, Gulf Coast Commercial Group, partnered with Nexus Real Estate Co. to purchase the land.
The 70 acre property is located east of Lake Ray Hubbard, in Fate, a booming community between Royse City and Rockwall. Another large, retail anchor user is proposed as part of the project, which is surrounded by several new single-family communities and will be part of the larger, overall 267-acre, master-planned mixed-use development called Lafayette Crossing. The land was owned by longtime real estate investor and developer, California-based Robert Yu. Ryan Turner, Edward Bogel, David Davidson Jr. and Collins Meier represented the purchaser, a partnership between Gulf Coast & Nexus, in acquiring the land for the grocery-anchored shopping center. Carter Kendall represented the Seller, along with Jim Wills, a longtime liaison and manager for the Yu family.
DB2RE also assisted the partnership in acquiring an adjacent property from the Zollner Brooks family, who has lived in the area for generations. A public roadway within the future development is planned to be named to commemorate a member of the family, David V. Brooks, longtime Rockwall County Commissioner.
Thomas Glendenning and Landry Kemp with SHOP Cos. are underway pre-leasing retail shops and land within the development, which will initially include multiple pad sites, and +/- 33,000 sf of Class A retail space. SHOP Cos. is also marketing space across I-30 in a development anchored by a 66,000 SF Fresh by Brookshires.
Davidson Bogel Real Estate (DB2RE) is a boutique land investment advisory group and brokerage firm headquartered in the Dallas-Fort Worth Metroplex. Founded by David Davidson, Jr., and Edward Bogel in 2015, the base principal of the company is exceptional client service, with investment and development of land throughout Texas and Oklahoma as the focus. DB2RE concentrates on land acquisitions, dispositions, and investment sales for families, trusts, and developers of retail, multi-family, industrial/mixed-use, and single-family communities.
