Headwall Investments, a Texas-based commercial real estate development and investment firm, has announced its first acquisition in the Houston market. The company acquired the Fairmont Crossing Retail Center, located in Pasadena, Texas, on August 29, 2024. This acquisition marks a significant milestone for Headwall’s unanchored convenience retail platform, expanding its presence in the major metros of the Texas Triangle.
The Fairmont Crossing Retail Center, built in 2008 and 2012, encompasses 29,114 square feet of leasable space on a 3.33-acre lot. The center offers prime visibility, easy accessibility, and a tenant mix that aligns with Headwall’s focus on convenience retail, including food, service-oriented, and medical businesses. The property is well-positioned to capitalize on the strong demographics in its vicinity.
This acquisition brings Headwall’s shopping center portfolio to a total of 15 properties, encompassing 568,871 square feet of gross leasable area across Austin, San Antonio, Dallas-Fort Worth, and Houston. The company is strategically acquiring high-quality unanchored shopping centers in key Texas metros, aiming to capitalize on the region’s strong population growth and increasing demand for retail space.
Headwall’s strategy is particularly relevant in today’s economic climate, characterized by high interest rates and a slowdown in new shopping center development. The unanchored convenience retail sector has consistently outperformed the broader commercial real estate market due to rising rents and limited available space.
“We are pleased to welcome Fairmont Crossing Retail Center to our portfolio, marking our entry into the Houston market,” said George J. Wommack, Founder, President & CEO of Headwall Investments. “This acquisition is in line with our strategy to enhance our presence in major Texas metros and supports our ongoing efforts to acquire high-quality shopping centers in regions with significant job, population, and wage growth potential.”
Wommack added, “As our team continues to grow and we acquire additional convenience retail assets, our commitment remains in providing an exceptional shopping experience for our visitors while delivering outstanding value to our investors. We are confident in the continued strong performance of our target sub-sector and eagerly anticipate future growth opportunities.”
Headwall Investments, LLC is a San Antonio-based real estate investment and development firm founded in 2019. The company focuses on acquiring, developing, and redeveloping commercial real estate in Texas. Headwall operates a series of investment funds targeting niche strategies in the commercial real estate sector. For more information on Headwall, please visit https://headwallinvestments.com or call 210-343-2186.
Media Contact:
Henry Vaughan
210-343-2186
henry@headwallinvestments.com
