SDI Realty, Nexus Real Estate Co. Partner to Develop Kroger-Anchored Shopping Center in North Fort Worth
Davidson Bogel Real Estate ("DB2RE") is pleased to announce a new retail shopping center anchored by Kroger (NYSE:KR) in northwest Fort Worth. Houston-based real estate developer, SDI Realty, partnered with Nexus Real Estate Co. to purchase the land.
The property is located in northwest Fort Worth, and is surrounded by several new single-family communities. The land was owned by Miami-based Lennar Homes (NYSE:LEN), where they are currently developing a single-family community called Rancho Canyon. Ryan Turner, David Davidson Jr., Edward Bogel and Collins Meier represented the purchaser, a partnership between SDI & Nexus, in acquiring a portion of the land for the grocery-anchored shopping center.
"We are excited to be able to offer our residents in Rancho Canyon a quality grocery component for their daily needs. We had initially planned for this portion of the project to be residential, but we were approached by Davidson Bogel and began exploring options to bring additional retail amenities to our residents," said Greg Urech, President of Land – DFW for Lennar. "Working alongside SDI and Davidson Bogel to bring Kroger to our Rancho Canyon community has been an exciting journey. It's about more than just adding a store—it's about enriching the lives of those who call this community home."
DB2RE also assisted the partnership in acquiring an acre from Shaffer Construction, who owned about four acres on the corner of Rancho Canyon Road & Sendera Ranch Road that DB2RE had sold them in 2022. Shaffer plans to develop a 7-Eleven gas station on the corner outside of the future Kroger-anchored Shopping Center.
The site will allow Kroger to serve the needs of many new surrounding residents, as northwest Fort Worth continues to be a hotbed of residential development activity. In addition to Lennar's Rancho Canyon, Centurion American is developing Alpha Ranch, a 1,825 acre master-planned community that will be home to almost 4,000 lots. Greenbrick (NYSE:GRBK) also partnered with Taylor Morrison (NYSE:TMHC) to develop Madero, a 2,500 home community, immediately adjacent to the new Kroger site.
For more information about this transaction please contact:
[email protected]
db2re.com
About DB2RE
Davidson Bogel Real Estate (DB2RE) is a boutique land investment advisory group and brokerage firm headquartered in the Dallas-Fort Worth Metroplex. Founded by David Davidson, Jr., and Edward Bogel in 2015, the base principal of the company is exceptional client service, with investment and development of land throughout Texas and Oklahoma as the focus. DB2RE concentrates on land acquisitions, dispositions, and investment sales for families, trusts, and developers of retail, multi-family, industrial/mixed-use, and single-family communities.
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