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TYLER ISBELLVice President214.560.3145
For more information about this property, please contact:
Southgate MarketplaceSEC I-35W & RENDON CROWLEY ROAD | FORT WORTH, TX
MARK REEDERExecutive Vice President
S. Fort Worth, Texas
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PROPERTY DETAILS
Southgate Marketplace, located at the southeast corner of I-35W and Rendon Crowley Road, is a regional power center serving residents of Fort Worth, Burleson and Crowley.
Area generators include Hugley Hospital, McAlister Square and Gateway Station shopping centers.
FOR MORE INFORMATIONSRS Real Estate Partners
8343 Douglas Avenue, Suite 200Dallas, TX 75225
214.560.3200
Executive Summary
TOTAL GLA ± 300,000 SF
AVAILABLE
Anchor Positions Jr. Anchor Positions Inline RetailEnd Cap RetailPad Sites
PRICING Call for Pricing
TRAFFIC COUNTS I-35W: 133,005 CPD (‘16) Rendon Crowley Road: 31,139 CPD (‘16)
DELIVERY Q2 2019
SOUTHGATE MARKETPLACE
For more information about this property, please contact:
Oblique AerialSOUTHGATE MARKETPLACE
Site PlanSOUTHGATE MARKETPLACE
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Trade Area OverviewSOUTHGATE MARKETPLACE
About FORT WORTHThe Lone Star State’s winning mix of low taxes, reasonable regulatory structure, fair court system and world-class workforce has been paying dividends in terms of press recognition, economic rankings, and most importantly, good jobs for hard-working Texans.
Growth Highlights• Corporate HQs: Twenty-one of the nation’s leading companies base
their headquarters in Dallas/Fort Worth, including AT&T, ExxonMobil, J.C. Penney, GameStop.
• Employment Growth: Dallas/Fort Worth job growth outperformed the state in most supersectors in 2016 - more than a percentage point faster than the state at 1.6% and the nation at 1.5%.
• Population Growth: Texas has 1,200 people moving here every day with at least half of those people headed into the Metroplex.
• Restaurant Spending: North Texas restaurant counts went up by 2%, from 13,542 to 13,763. Dallas/Fort Worth leads the nation in percent of household income spent on eating out.
• Retail Spending: Dallas/Fort Worth residents spend an average of 3.7% of their household income on clothing and fashion accessories, compared to 3.2% nationally.
Recent Development• Chisholm Trail Ranch: A 600-acre master planned community located
in Southwest Fort Worth along the Chisholm Trail Parkway will
expected to open in Summer 2018.
Sources: City of Fort Worth; Texas Economic Development Council; U.S. Census Bureau; U.S. Bureau of Economic
Builders; SRS Proprietary Research
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Trade Area OverviewSOUTHGATE MARKETPLACE
About BurlesonAs one of the fastest growing suburbs in Dallas/Fort Worth, Burleson is appealing due to its proximity to the Metroplex, family-friendly community,
miles of hills, lakes and parks.
Growth Highlights• Current Population - According to the mayor, Burleson’s population is
estimated to be over 45,000 people. • Residential Construction - In 2017, the city issued 279 residential
building permits with an average value of $263,500.• Retail Development - Burleson has added more than 2,000,000 square
feet of retail space since 2000. • Targeted Growth Areas - HighPoint Business Park and the IH-35 Corridor
have been slated for continued expansion. Since 2000, development incentives have produced more than $75 million in investment in Burleson, creating more than 1,000 jobs.
Recent Development• Wagner-Smith Equipment - 55,000 square feet of corporate HQ and
manufacturing at HighPoint Business Park doubling the size of current Burleson operations.
• Stuart Industries - Aerospace parts distribution and HQ at HighPoint Business Park in a 37,000 square feet build-to-suit facility.
• Chicken Express Food Service - 90,000 square feet of corporate HQ and food distribution/refrigeration at HighPoint Business Park to serve all 200 restaurants.
• LKQ Corporation - 90,000 square feet of auto parts distribution and call center on Interstate 35W near Bethesda Road.
• Golden State Foods Corp. - Restaurant food supplier is establishing a 160,000 square foot facility in Burleson, bringing at least 150 jobs to the area.
Source: City of Burleson
RenderingSOUTHGATE MARKETPLACE
Signage & ElevationsSOUTHGATE MARKETPLACE
Signage & ElevationsSOUTHGATE MARKETPLACE
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SRS INVESTMENT SERVICES
TYLER ISBELLVice [email protected]
Contact
Mark joined SRS Real Estate Partners in 2000 and is annually a Top Producer
transactional work for nationally recognized retail and restaurant clients.
and restaurant disposition requirements, as well as tenant representation for new store growth in Dallas/Fort Worth and surrounding areas.
Mark’s focus is on user representation, both surplus properties and site acquisitions. He has executed expansion plans for a variety of retail users such as Haverty Furniture, Toys “R” Us / Babies “R” Us, Corner Bakery, Carter’s and Dean & Deluca and has extensive experience in portfolio disposition for numerous retailers including Brinker, Target, JCPenney, Toys “R” Us, Albertsons, Kroger and Chevron.
Tyler Isbell joined SRS Real Estate Partners in 2010. With a decade of retail real estate experience, Tyler specializes in tenant representation with a concentration on top entertainment concepts like Alamo Drafthouse, while also providing comprehensive leasing, sales and consulting services for restaurants and pad site users including Taco Bell, Chase Bank, Boston
Tyler also focuses on landlord representation, redevelopment and new construction by working in coordination with owners and developers of shopping centers, power centers and mixed-use projects. Some of his most notable deals include a comprehensive redevelopment of the Richardson Heights Shopping Center from 70% vacant to a regional entertainment destination, Southgate Marketplace, a 73-acre, +/- 500,000 SF power center in Fort Worth and a new college campus-driven development at Northside at University of Texas at Dallas.
MARK REEDERExecutive Vice [email protected]
SRS REAL ESTATE PARTNERS