ShopOne Centers has entered the Texas market with the acquisition of Beltway South, a 114,099 square foot grocery-anchored retail property in Houston, expanding the platform’s footprint into one of the country’s largest and fastest growing metro areas. The deal, announced January 6, 2026, was completed alongside joint venture partners Pantheon and a leading global institutional investor.
The property sits along Beltway 8 in southeast Houston, positioning it for steady neighborhood traffic and convenient access for daily needs. Beltway South is anchored by a renovated Kroger and supported by a mix of necessity-based national and regional tenants, including Petco, CATO, Subway, and State Farm, as well as local service providers and dining options. ShopOne framed the tenant lineup as a key part of the center’s appeal, combining grocery-driven visits with adjacent everyday retail and services.
ShopOne also highlighted the surrounding demographics as a core underpinning of the investment thesis. More than 110,000 residents live within a three-mile radius of the center, and average household incomes exceed $100,000, suggesting a dense and economically resilient trade area for grocery-anchored retail. The company positioned Beltway South as a reliable shopping destination for the local community, built around essential categories and repeat visit behavior.
Strategically, the acquisition marks ShopOne’s first investment in Texas and a step into the broader Southwest. It also expands the joint venture portfolio to 23 grocery-anchored centers, reinforcing ShopOne’s focus on well-located neighborhood shopping centers designed to deliver convenience and value in growth markets. The company’s broader operating approach emphasizes unlocking embedded value through rent growth, occupancy gains, and selective redevelopment opportunities.
Pantheon, ShopOne’s named joint venture partner in the transaction, described its franchise as a long-standing private markets investor offering solutions across primary commitments, co-investments, and secondaries in private equity, real assets, and private credit. Pantheon reported approximately $82 billion in discretionary assets under management as of September 30, 2025, and noted a client base of more than 1,000 institutional and wealth channels, reinforcing its scale as a capital partner for real asset strategies.
KEY QUOTES
“We’re pleased to add Beltway South to our portfolio and establish a presence in Texas. The center’s Kroger anchor and complementary tenant mix directly align with our strategy of investing in retail centers that serve essential consumer needs.”
Chris Reed, Chief Executive Officer, ShopOne Centers
