US retail centre operator ShopOne has entered the Texas market through the purchase of the Beltway South shopping centre in Houston.
The site was acquired through a partnership with Pantheon and an undisclosed institutional investor.
Located in south-east Houston along Beltway 8, the property offers 114,099ft² of retail space. It is anchored by a refurbished Kroger supermarket and hosts a range of national and regional brands.
Current occupiers include Petco, CATO, Subway and State Farm, alongside a roster of local service providers and restaurant operators.
According to a ShopOne press statement, the surrounding area is marked by high population density and stable household incomes, with the scheme positioned to provide convenient access for nearby residents.
Following completion, the company now holds 23 grocery-anchored shopping centres, with the latest acquisition broadening its presence into the US Southwest and aligning with its focus on convenience-led retail assets in expanding markets.
ShopOne Centres CEO Chris Reed said: “We’re pleased to add Beltway South to our portfolio and establish a presence in Texas. The centre’s Kroger anchor and complementary tenant mix directly align with our strategy of investing in retail centres that serve essential consumer needs.”
ShopOne Centres operates an integrated US platform focused on managing grocery-anchored neighbourhood centres through joint ventures, with growth primarily driven by leasing activity and redevelopment strategies in locations catering to value-oriented retailers.
Pantheon is a private markets investor with more than four decades of experience, offering investment solutions across private equity, real assets and private credit for institutional and private wealth clients.
