Dunhill Partners Acquires 72,551-Square-Foot Granbury Lakeside Center in Texas

GRANBURY, Texas — Dunhill Partners has acquired Granbury Lakeside Center, a 72,551-square-foot shopping center located at 1420 E. U.S. Highway 377 in Granbury, Texas, the firm announced Aug. 28.

The property is 100% occupied and was fully redeveloped in 2019. It sits along U.S. Highway 377, the area's primary commercial corridor, where cumulative traffic counts exceed 37,000 vehicles per day. The center is approximately 36 miles from downtown Fort Worth.

Tenant Mix and Property Profile

Granbury Lakeside Center is home to a mix of national and regional tenants, including HomeGoods, Ulta Beauty, Five Below, Cavender's, America's Best Contacts & Eyeglasses, Aaron's, Luxury Nail Bar, and Tee Time Granbury. The surrounding trade area includes major national retailers such as Walmart, Lowe's, Home Depot, Kroger, and H-E-B.

The property operates predominantly under triple-net lease structures, which place most operating expenses on tenants rather than the landlord. Dunhill Partners cited limited near-term capital requirements and below-market in-place rents as additional attributes of the acquisition.

Strategic Rationale

"We are very pleased to have been able to acquire Granbury Lakeside Center because of the explosive growth we see in Granbury and the surrounding area, the excellent tenant line up, and the prime retail location on US Hwy 377. This is another great retail investment for Dunhill Partners," said Bill Hutchinson, President and CEO of Dunhill Partners.

The firm described the acquisition as consistent with its strategy of investing in well-located, stabilized retail properties with strong tenant fundamentals and opportunities for long-term value creation. The emphasis on below-market in-place rents points to a value-add approach centered on mark-to-market upside through future lease renewals rather than physical redevelopment.

Broader Texas Retail Strategy

The Granbury acquisition adds to a series of Texas retail purchases Dunhill Partners has made in recent periods. In January 2026, the firm announced the acquisitions of Northpark Village in Lubbock, a 70,479-square-foot fully leased shopping center, and Commerce Square in Brownwood, a 150,459-square-foot center. Dunhill Partners' management platform oversees approximately 5 million square feet of retail properties.

The triple-net lease structure and full occupancy at Granbury Lakeside Center are characteristics that support more predictable cash flow, a quality that has drawn investor interest to stabilized retail assets in growing suburban markets. The property's location within a dense national retail corridor reinforces the income stability profile Dunhill Partners highlighted in its announcement.

Dunhill Partners thanked its investors, lending partners, and other professionals involved in completing the transaction.

Sources

Dunhill Partners — Granbury Lakeside Center Acquisition Announcement