Younger Partners Investments (YPI) has acquired Heath Town Center, a 77,669-square-foot grocery-anchored retail center in Heath, Texas. The property is located at FM 549 and Laurence Drive, in a market known for its retail offerings. The center is anchored by a high-performing Tom Thumb grocery store, complete with a fuel station and in-store Starbucks. Currently, the property has an occupancy rate of 98 percent, with only a small 1,827 square feet vacancy. Younger Partners will be responsible for the property management and leasing of the center.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: Undisclosed
• Address: FM 549 and Laurence Drive
• Market: Heath, Texas
• Square Footage: 77,669

Micah Ashford, Moody Younger, and Kathy Permenter from Younger Partners represented YPI in the acquisition. On the seller's side, Adam Howells from JLL represented Malouf Interests, Inc. Financing for the deal was arranged by Adam Mengacci of Hamilton Realty Finance. The terms of the deal were not disclosed.

The City of Heath has seen a significant 40 percent population growth over the last decade, making this location ideal for the new YPI platform. With a strong anchor tenant like Tom Thumb, the property benefits from consistent traffic, providing maximum exposure for its shop tenants. This acquisition marks YPI's first retail property investment, as they aim to acquire lifestyle and neighborhood centers throughout the Dallas-Fort Worth area.