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© 2018 Criss Cross Commercial Group

Plaza at Hillcroft

Beginning in 2005, the company developed the Plaza at Hillcroft shopping center at the eastern corner of Houston’s Hillcroft and the Southwest Freeway. Bringing national retailers like Starbucks, T-Mobile and Andrea Shoes to this formerly blighted intersection, this highly successful urban infill redevelopment spurred transformation of the immediate area, and today provides quality shopping opportunities to both densely surrounding residents and freeway travelers. 

Shops on Seawall

This 2010 redevelopment project reimagined and transformed the most prominent retail property in Galveston, located at the hard northeast corner of 61st Street and Seawall Blvd. The formerly property hosted a convenience store that was highly trafficked, but was configured as an eyesore box building that failed to fully utilize its location. While preserving the existing grocery business, the company added approximately 9,000 SF of retail space surrounding the existing building, wrapped in a new coastal themed façade evoking the development’s beachfront location. The redeveloped Shops on Seawall provides high visibility retail opportunities at a marquee location.

Orchard Plaza

During the 2009 commercial real estate market collapse, the company acquired the Orchard Plaza shopping center in Pearland, Texas in an off-market transaction, through a workout with a distressed seller and its lender. At acquisition, the property was more than half vacant, and customer traffic was critically low. Through aggressive leasing efforts, significant investment in tenant and aesthetic improvements, and careful attention to cultivating a tenant mix aligned with the surrounding suburban neighborhoods, the company stabilized the property into a thriving, productive center. Today, Orchard Plaza serves the growing Pearland market, strategically situated between the city’s east and west side residential hubs.

Parmer Ridge Plaza

Completed in 2017, Parmer Ridge Plaza is a hard corner retail development in northeast Austin, Texas. Located at the northwest corner of Parmer Lane and Dessau Road, between the Samsung and Dell facilities, the property enjoys traffic counts of 70,000 cars per day. The attractive construction is complimented by a quality tenant mix that includes Dunkin Donuts/Baskin Robbins, T-Mobile, and Papa Johns. 

Wikler Plaza

By purchasing and foreclosing a defaulted note from a local bank, the company acquired a vacant 13,000 square foot retail/warehouse building in southeast Houston. Through proactive leasing and investment in tenant improvements, the asset was brought to 100% occupancy. The company sold the property in 2017, resulting in a more than thirty percent unleveraged return on investment.

Channelview Truck Stop

After acquiring a shuttered truck stop facility is disrepair on Houston’s East Freeway, the company fully remodeled the property, placed it into operation, and sold the business operation to a tenant operator. The property was later expanded through strategic land assemblage. After holding the property for an extended period at more than fifteen percent unleveraged cash-on-cash return, the company sold the asset for a multiple of its total investment.

DeSoto Shopping Center

A 21,000 square foot shopping center was purchased from a local bank in distressed condition, with high vacancy, deferred maintenance, and environmental liabilities. Through hands-on rehabilitation and leasing, the asset value was quadrupled in less than five years, providing a substantial ongoing cash return.

Quality 7 Inn

Through a creative participating mortgage structure, the company financed acquisition and remodeling of a Lafayette, Louisiana hotel by an experienced local hotel operator. Physical and management improvements stabilized the asset, providing the company a superior scheduled return, combined with material participation in the project’s equity gains.