MG Retail Partners Announces Completion of Revitalized Retail Center in North Richland Hills, TX
Southlake, TX – February 1, 2024 – MG Retail Partners, a leading developer and owner of retail properties, today announced the opening of a revitalized retail center at 5196 Rufe Snow Drive in North Richland Hills, TX. The project transformed the former Minyard’s box into a vibrant shopping destination featuring popular national retailers Ross, Five Below, and PopShelf. WinCo Foods and Floor & Decor remain as co-tenants at the property.
“We are thrilled to bring this exciting new retail center to the North Richland Hills community,” said Guy Grivas, Principal and Co-Founder of MG Retail Partners. “We have had our eyes on this property for over a decade, recognizing its potential due to its excellent location at a high-traffic intersection. We are confident that the diverse tenant mix, including the highly anticipated Ross, Five Below, and PopShelf, will be a welcome addition to the community and attract shoppers from the surrounding area.”
MG Retail Partners acquired the property in 2013 and undertook a comprehensive redevelopment plan. The existing building underwent a complete transformation, adorned with fresh facades and dedicated entrances for each tenant. The center’s common areas were also revitalized, offering ample parking and fostering a convenient and enjoyable shopping experience for customers.
The new tenant lineup caters to a variety of shopping needs and demographics:
- Ross Dress for Less: Offering a wide selection of brand-name apparel, accessories, and home goods at discounted prices.
- Five Below: Featuring a vast assortment of trendy items, all priced at $5 or less.
- PopShelf: Providing everyday essentials and home goods at deep discounts.
With the completion of this project, MG Retail Partners continues to demonstrate its commitment to revitalizing and repurposing retail properties in strategic locations. The company has a proven track record of success in developing high-quality retail centers that serve the needs of local communities.
About MG Retail Partners
MG Retail Partners is a fully integrated retail development company with a focus on community and value creation. With decades of experience and a proven track record, MG Retail Partners specializes in the acquisition and development of retail properties throughout the United States. For more information, please visit www.mgretailpartners.com.