Presidio Junction, one of the largest and busiest retail centers in far north Fort Worth, has been acquired by Dallas-based Younger Partners Investments, which also owns Artisan Circle near the Cultural District.
The sprawling development along North Tarrant Parkway and Interstate 35W includes big-box retailers Target, Cosco and At Home, though those specific stores were not included in the sale. In all, the deal includes three adjacent shopping centers — Presidio Towne Crossing, Tehama Towne Crossing and Vista Ridge — that total 375,000 square feet of retail and restaurants, including HomeGoods, Ross, Aldi, Whataburger and Chick-fil-A.
Moody Younger, a co-managing partner of Younger Partners Investments, said shoppers won’t see major changes at Presidio; the complex has remained at or near 100% occupancy with tenants who “for the most part are doing really well.” The new owners do plan to make it easier to navigate through the maze-like parking lots with better signage.
The seller, Weber & Company, developed Presidio Junction starting in 2015 when far north Fort Worth was still starved for retail, despite Alliance Town Center across the highway and booming residential growth. A decade later, demand hasn’t waned. Shopping centers are sprouting up and down the U.S. 287 corridor, from Harmon Road to the new Kroger Marketplace on Bonds Ranch Road (and possibly a future H-E-B)…