Younger Partners Investments acquired the Presidio Junction retail portfolio in North Fort Worth on Mar. 18, securing $113.7 million in financing for the purchase. The portfolio consists of three shopping centers—Presidio Towne Crossing, Tehama Towne Crossing, and Vista Ridge—totaling 375,000 square feet at I-35W and North Tarrant Parkway.
The acquisition highlights continued growth in North Fort Worth’s retail sector, an area known for rapid development and high occupancy rates. The properties are fully leased and anchored by major retailers such as Target and Costco, along with national tenants including TJ Maxx, HomeGoods, Ross, Aldi, Old Navy, and Sephora. Outparcel tenants include Whataburger, Chick-fil-A, and Chuck E. Cheese.
According to the Dallas Business Journal, the seller was Weber & Company of Dallas. Younger Partners will manage leasing internally while its property management division oversees operations across its now 1.4 million square feet of Texas retail holdings.
Moody Younger, co-managing partner at Younger Partners Investments, said site visits showed consistently heavy foot traffic due to strong design and location features. He added that modest upgrades are planned: “The firm plans modest upgrades, including additional wayfinding signage to improve navigation across the sprawling centers.”
The properties are located near the $1.1 billion North City mixed-use project—a 148-acre development attracting large tenants such as Andretti Indoor Karting and Games and Living Spaces—which is expected to further boost demand in the corridor.
Rising home values and new subdivisions continue to drive demand for retail space in this part of Fort Worth. Median home prices range from about $420,000 to $460,000 due to access to local schools and commuter routes.
