Institutional Property Advisors Brokers Sale of 260,877-SF Crossroads at Terrell Power Center to Younger Partners Investments

TERRELL, Texas, Oct. 28, 2026 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company's institutional clients, announced the sale and financing of The Crossroads at Terrell, a 100% occupied, 260,877-square-foot multi-tenant power center in Terrell, Texas. Dallas-based Younger Partners Investments acquired the property from seller RealtyLink LLC.

Institutional Property Advisors and Marcus & Millichap Represent the Seller

Philip Levy, IPA executive managing director, and Chris Gainey, senior managing director investments with Marcus & Millichap, represented the seller, RealtyLink LLC.

"The Crossroads at Terrell is a premier retail asset with an exceptional lineup of national tenants, including Academy Sports + Outdoors, Hobby Lobby, Ross Dress for Less, and Marshalls," Levy said. "The property's strong fundamentals, high-quality tenant mix, and strategic location in one of the fastest-growing areas of the Dallas-Fort Worth metroplex made this a highly attractive investment opportunity. The transaction reflects the continued demand for well-positioned, institutional-quality retail assets throughout North Texas."

Gainey pointed to the property's lease structure. "From an investment standpoint, the property's fundamentals were particularly compelling," he said. "The center was fully occupied with triple-net leases, staggered lease expirations, and contractual rent increases that provide predictable cash flow and built-in income growth. Those characteristics, combined with the scale of the asset and limited near-term rollover exposure, helped drive the successful execution of this transaction."

Acquisition Financing and Preferred Equity for Younger Partners Investments

IPA Capital Markets senior managing director Adam Mengacci and associate director Travis Headapohl arranged acquisition financing and preferred equity on behalf of the buyer, Younger Partners Investments.

Property Details

Built in 2019 on more than 29 acres, The Crossroads at Terrell is located off U.S. Highway 80 at the intersection of Interstate 20 and Texas State Highway Spur 557. The center totals 260,877 square feet and was 100% occupied at the time of sale. National tenants include Academy Sports + Outdoors, Hobby Lobby, Ross Dress for Less and Marshalls. Leases are triple-net, with staggered expirations and contractual rent increases.

Dallas-Fort Worth Retail Market Context

The sale comes as Dallas-Fort Worth retail vacancy stands at 5.1% in the third quarter of 2026, up 18 basis points year over year but below the metro's 6.0% peak in early 2021. The market absorbed approximately 1.38 million square feet during the quarter while developers delivered 1.81 million square feet, meaning new supply temporarily exceeded demand.

Investment activity has nonetheless strengthened. Trailing-12-month DFW retail sales volume reached approximately $4.0 billion, up 54%, while average asking rent reached a record $25.56 per square foot, a 2.1% increase from a year earlier. Average DFW retail cap rates were 6.86% in the third quarter, declining for five consecutive quarters, with average pricing of approximately $295 per square foot. DFW retail occupancy was approximately 95.3% at midyear 2026, with most new construction concentrated in preleased, anchor-driven projects.

Power-center pricing is sensitive to tenant factors such as anchor credit, lease rollover, co-tenancy provisions and remaining lease terms. The Crossroads at Terrell's full occupancy, national tenant mix and 2019 construction distinguish it from assets with vacancy or near-term rollover exposure.

About Institutional Property Advisors

Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a commercial real estate services firm in North America. IPA offers solutions for the acquisition, disposition and financing of institutional properties and portfolios.

Sources

Institutional Property Advisors press release, Oct. 28, 2026: https://www.institutionalpropertyadvisors.com/news-events/2026/10/institutional-property-advisors-brokers-260k-square-foot-shopping-center-sale-in-suburban-dallas-fort-worth