Younger Partners Expands in DFW With 375 KSF Portfolio Buy

Younger Partners Investments has expanded in Texas with the purchase of the Presidio Junction portfolio. The three-property, 375,000-square-foot retail collection includes the Presidio Towne Crossing, Tehama Towne Crossing and Vista Ridge shopping centers in north Fort Worth, Texas. Developer Weber & Co. sold the properties for an undisclosed amount.

The three retail centers are 100 percent leased and shadow-anchored by Target and Costco. Other retailers include TJ Maxx, Ross, Old Navy, Aldi and more. Additionally, restaurants such as Chick-fil-A, Jack in the Box and Chuck E. Cheese lease space at the development. Following the purchase, YPI is planning upgrades to the portfolio, including new signage and wayfinding improvements.  

“Presidio Junction is a well-established, fabulously located shopping center with a great tenant mix, with some of the strongest shadow-anchors in the country, with Target, Costco and others,” Moody Younger, co-managing partner at Younger Partners Investments told Commercial Property Executive. “Additionally, the location at Highway 287 and Interstate 35 provides great access to shoppers, and it is an extremely busy shopping center.”

---

LISTEN TO: Investment Matters: Flair for Open-Air Centers

---

Weber & Co. opened Presidio Towne Crossing in 2015 after purchasing 70 acres in the Presidio Junction development in north Fort Worth the year prior. The company completed the remaining retail centers in 2020.

Younger Partners Investments, a Dallas-based real estate investment firm founded in 2020 as a specialized platform of commercial real estate company Younger Partners, financed the acquisition with a senior loan from a life insurance company and preferred equity from an institutional investor. Adam Mengacci, senior managing director at Institutional Property Advisors, arranged the financing for this acquisition. Younger Partners represented Younger Partners Investments in the transaction, and was led by Managing Director Micah Ashford, Co-Managing Partners Moody Younger and Kathy Permenter and team members Cort Martin and Susan Rasberry.

“Retail has gone from being an outcast to being a favored class, especially the anchored centers. Institutions haven’t moved back in a big way, but they have identified it as a very sound investment,” Younger said.

Younger Partners Property Services will provide property management for the portfolio, while Younger Partners will handle leasing efforts. This brings Younger Partners’ portfolio to 1.4 million square feet alongside other retail centers such as Shops at Prosper Trail and Heath Town Center. In 2022, Younger Partners Investments purchased Crockett Row at West 7th, a 282,000-square-foot mixed-use development in Fort Worth, from The Carlyle Group.  

Presidio Towne Crossing is located at 2399 Porter Creek Drive in Fort Worth, Texas, according to Yardi Matrix. It is near Interstate 35W and North Tarrant Parkway. Dallas is approximately 38 miles east of the shopping centers.

DFW adding retail through mixed-use

Younger Partners’ acquisition comes as the Dallas-Fort Worth retail market is showing strong tenant demand and a robust construction pipeline. According to a retail market report from Matthews, in the fourth quarter of 2025, the metro had a 4.9 percent vacancy and 7.8 million square feet of space under construction.

Earlier in March, Larkspur Capital broke ground on a $1.7 billion mixed-use project in Fort Worth, within 12.5 miles from the Presidio Junction portfolio. Known as the Westside Village development, the multi-phase project will bring 238,000 square feet of retail to the area.

A separate mixed-use project, led by a joint venture of Trammell Crow Co., BDT & MSD Partners, The Retail Connection and Highland Park Village Associates, is also underway in Dallas. Called Knox Street, the 1 million-square-foot development topped out last month and is expected to begin deliveries this summer. The mixed-use development has approximately 100,000 square feet dedicated to retail, as well as office and residential components.