Brixmor Expands Texas Retail Portfolio with $79.2M Acquisition of Two Grocery-Anchored Centers

HOUSTON – New York-based Brixmor Property Group has expanded its presence in Texas with the acquisition of two grocery-anchored shopping centers for a combined $79.2 million. The purchases strengthen Brixmor’s strategic clustering in markets where it already owns assets and provide additional opportunities for leasing, reinvestment, and long-term value creation.

In College Station, Brixmor closed on Jones Crossing, a 163,000-square-foot neighborhood center anchored by H-E-B, for $46.5 million. The transaction included roughly 15 acres of undeveloped land, offering potential for future development or densification. Jones Crossing sits within two miles of the Texas A&M University campus, adding to Brixmor’s local holdings—bringing its College Station portfolio to three properties.

The seller of Jones Crossing was Austin-based Stratus Properties, which is in the process of liquidating its assets and distributing net proceeds to stockholders. The sale is part of a broader disposition plan that saw Stratus sell several retail properties, including Kingwood Place, Lantana Place – Retail and West Killeen Market. William H. Armstrong III, Chairman and CEO of Stratus, noted that monetizing assets in an orderly, disciplined manner allows the company to maximize value for stockholders as it executes its approved Plan of Liquidation.

In northwest Houston, Brixmor finalized the purchase of Vintage Marketplace, a 72,000-square-foot neighborhood center anchored by Whole Foods Market, for $32.7 million. The center is located near the intersection of Louetta Road and Cutten Road and complements Brixmor’s existing Houston holdings—bringing additional critical mass to its regional portfolio.

These two Texas transactions were part of a larger acquisition activity by Brixmor in the second quarter of 2026. Along with Jones Crossing and Vintage Marketplace, the company also acquired Mayfair Shopping Center in Commack, N.Y., and Stanford Station in Panama City, Fla. The total consideration for the four properties was $164.3 million. Brixmor’s Executive Vice President and Chief Investment Officer, Mark T. Horgan, emphasized the firm’s focus on deploying capital into markets where it has deep experience, and on buying assets with both near-term leasing opportunities and durable, long-term upside. He also highlighted a milestone transaction at Mayfair Shopping Center in which Brixmor issued operating partnership (OP) units to fund an acquisition—an expansion of the company’s capital toolkit.

Activity on the disposition side also continued: in the first half of the year Brixmor reported dispositions of six shopping centers, generating gross proceeds of $123 million. The company continues to actively manage its portfolio through selective acquisitions and sales to optimize returns.

As of the latest reporting, Brixmor owns 344 open-air shopping centers totaling approximately 62 million square feet across the United States. The recent Texas purchases reinforce the company’s strategy of building clustered portfolios that allow for operational efficiencies, targeted reinvestment, and redevelopment or densification where appropriate.

Feature image: Vintage Marketplace is anchored by Whole Foods. JLL Capital Markets courtesy photo.

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