Shadow Creek Crossing’s Pre-Lease Interest Signals Mesquite’s Ongoing Retail Strength

Mesquite, Texas (9/6/2024): The Shadow Creek Crossing commercial retail development which broke ground at the corner of Faithon P. Lucas, Sr. Blvd., and Cartright Rd. near the acclaimed Solterra, Texas master-planned community, on July 8, 2024, is on track for completion and drawing strong interest from retailers. Located in southern Mesquite, the $20 million development marks the resurgence of new investment in the area’s retail centers. “Mesquite has always had a strong retail market. We’ve had a banner year in attracting new employers from across the globe, creating more than 2,800 jobs. We expect the growth will ignite our retail market and further strengthen our occupancy rates,” said City Manager Cliff Keheley.

Mesquite’s recent growth was one of the main drivers for the timing of the investment. Seth Grubstein, President of Cypress Capital, said“Shadow Creek Crossing is located right next to the city’s new luxury master-planned community Solterra, Texas. It is also near two high schools and is less than 1.5 miles away from several new job centers. The premium location is perfectly suited to become a hub of retail activity for all the families and new residents moving into the area.”

Once completed, Shadow Creek Crossing will have approximately 57,500 square feet of leasable space. Interest from retailers anxious to take advantage of the area’s growth and reliable market is strong. Although not scheduled to open of until next year, the retail center’s first building already boasts a 75% occupancy rate based on the number of tenants that have entered into pre-lease agreements. Tenants include established corporate franchises such as Urgent Care, Dominos, Hotworks, and McDonalds.

For information on the remaining opportunities at this site, including leasing, build-to-suit, and/or sale opportunities on the remaining two pads, please contact Tim McNutt, dba Real Estate ([email protected]).

About Cypress Capital