Younger Partners Investments Acquires 375k SF Retail Portfolio in North Fort Worth

Dallas-based firm adds three-property, fully-leased shopping center to its Texas portfolio

Mar. 18, 2026 at 2:18am

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Younger Partners Investments (YPI), a Dallas-based real estate investment firm, has acquired a 375,000-square-foot retail portfolio in North Fort Worth known as Presidio Junction. The portfolio includes three contiguous shopping centers - Presidio Towne Crossing, Tehama Towne Crossing, and Vista Ridge - that are 100% leased to national retailers such as Target, Costco, TJ Maxx, HomeGoods, and Aldi. The acquisition strengthens YPI's presence in the Tarrant County market and marks its continued expansion into Fort Worth.

Why it matters

This acquisition is significant for YPI as it adds a substantial retail portfolio to the firm's growing Texas real estate holdings. The North Fort Worth submarket where Presidio Junction is located has robust retail fundamentals, with high occupancy rates and strong home price appreciation driven by new residential development and quality schools. The purchase also aligns with YPI's strategy of acquiring well-leased, grocery-anchored and shadow-anchored open-air shopping centers that present long-term value creation opportunities.

The details

The Presidio Junction portfolio includes 66 acres near the intersection of I-35W and North Tarrant Parkway. In addition to the three retail centers, the property features nine ground leases to restaurants and retailers such as Whataburger, Chick-fil-A, and Chuck E. Cheese. YPI plans to update the property this year with wayfinding improvements and additional signage. The acquisition was financed with a senior loan facility from a life insurance company and preferred equity from an institutional investor.

  • The Presidio Junction portfolio was developed between 2015 and 2020.
  • YPI acquired the property on March 16, 2026.

The players

Younger Partners Investments (YPI)

A Dallas-based real estate investment firm formed in 2020 to acquire retail properties across Texas.

Micah Ashford

Managing Director of Younger Partners Investments.

Moody Younger and Kathy Permenter

Co-Managing Partners of Younger Partners Investments.

Weber & Company

The developer that sold the Presidio Junction portfolio to YPI.

Adam Mengacci

Senior Managing Director at Institutional Property Advisors (IPA), who arranged the senior loan and preferred equity for the acquisition.

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What they’re saying

“This is a tremendous boost to our Texas portfolio, which has grown to almost 1.4 million square feet of retail.”

— Micah Ashford, Managing Director of Younger Partners Investments

“The North Fort Worth submarket has robust retail market fundamentals with an occupancy rate of 97.2%. Median home sale prices range around $420,000 to $460,000, driven by newer subdivisions, quality schools in the Northwest and Keller ISDs and strong commuter access.”

— Kathy Permenter, Co-Managing Partner of Younger Partners Investments

What’s next

YPI plans to begin updating Presidio Junction this year with wayfinding improvements and additional signage.

The takeaway

This acquisition strengthens YPI's retail portfolio in the growing North Fort Worth market, aligning with the firm's strategy of acquiring well-leased, grocery-anchored shopping centers that offer long-term value creation opportunities for investors.