MG Retail Partners Expands Footprint in Thriving Alliance Corridor with Presidio Junction Acquisition
Fort Worth, TX (August 14, 2014) – MG Retail Partners, a leading full-service commercial real estate firm, announces the strategic acquisition of 3.7 acres at the entrance of Presidio Junction, a premier 300+ acre mixed-use development in the heart of Fort Worth’s booming Alliance corridor. This move further solidifies MG’s presence in the dynamic region and opens doors for exciting new development opportunities.
Located directly in front of the high-traffic Costco at the project’s entrance, the acquired land presents a prime location for attracting renowned retailers and restaurants. MG has plans to develop multi-tenant buildings and pad sites that cater to the diverse needs of the community.
“Presidio Junction is a vibrant development with exceptional potential, and we’re thrilled to be a part of its continued success,” says Guy Grivas, Principal & Co-Founder at MG Retail Partners. “This strategic acquisition aligns perfectly with our vision to create high-quality retail spaces that enhance the surrounding community and serve the needs of local residents.”
Plans for the development are already underway, with initial commitments secured from renowned brands like Starbucks, La Madeleine, and Potbelly Sandwich Shop. These additions promise to create a diverse and convenient retail experience for residents and visitors alike.
MG is further expanding its footprint in the area by being under contract to purchase an additional 2.13 acres adjacent to the initial acquisition. This strategic move allows for even more development opportunities and strengthens MG’s position as a key player in the Alliance corridor’s growth.
About Presidio Junction:
Presidio Junction is a 300+ acre mixed-use development strategically located in the heart of Fort Worth’s dynamic Alliance corridor. The project boasts a diverse mix of retail, office, and residential spaces, creating a vibrant community hub.
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.