Newmark Arranges Off-Market Sale and Acquisition Financing for Watters Creek Village Mixed-Use Asset in Allen, Texas

Newmark has advised the seller and arranged acquisition financing for the off-market sale of Watters Creek Village, a grocery-anchored, open-air mixed-use property in Allen, Texas, the firm announced April 20, 2026. The 459,800-square-foot asset is located along U.S. 75 in one of the Dallas-Fort Worth metroplex's fastest-growing submarkets.

Transaction Details and Newmark Team

Newmark Senior Managing Director Kyle Minter represented the seller in the transaction. Head of Retail Capital Markets Conor Lalor, Director James Sharpe, and Associate Director Cole Frantz served as strategic advisors. A separate Newmark team — led by Lalor, Vice Chairman Clint Frease, and Executive Vice Chairman Bill Fishel — arranged acquisition financing on behalf of the buyer. The sale price, loan amount, and other financial terms were not disclosed.

Property Overview: Grocery-Anchored Mixed-Use Destination

Watters Creek Village comprises approximately 459,800 square feet of retail and office space anchored by Market Street and complemented by a curated mix of national and lifestyle tenants. The property is situated within a mixed-use environment that includes more than 1,300 multifamily units, a nearby hotel, and a convention center — elements that support consistent foot traffic and consumer engagement across the asset.

The property benefits from highway visibility, with more than 200,000 vehicles per day traveling along the Central Expressway (U.S. 75). The surrounding trade area is characterized by affluent demographics: average household incomes exceed $160,000 within a five-mile radius, and more than 60% of residents hold a bachelor's degree or higher.

"Watters Creek Village represents the type of high-quality, mixed-use asset that continues to attract institutional capital, particularly in growth markets like North Texas," said Lalor.

Minter added: "This transaction highlights continued investor demand for grocery-anchored lifestyle centers with strong fundamentals, durable cash flow and clear pathways for value creation."

About Newmark

Newmark Group, Inc. (Nasdaq: NMRK) is a commercial real estate services firm offering investment sales, capital markets, leasing, and advisory services. For the twelve months ended December 31, 2025, Newmark generated revenues of nearly $3.3 billion. The firm operates from approximately 175 offices with over 9,300 professionals across four continents.

Sources: Newmark Press Release, April 20, 2026