Fort Worth, October 10, 2025
News Summary
The Georgetown Company has acquired the Waterside retail center, a grocery-anchored property in Fort Worth, Texas. Spanning 12.6 acres with 157,000 square feet of retail space, it is 98% leased and anchored by the only Whole Foods within a 20-mile radius. This acquisition is part of Georgetown’s strategy to expand its grocery-anchored retail holdings, increasing their asset value in this segment to over $275 million. The center sits along the Trinity River and near the Chisholm Trail Parkway, indicating a strong demand for grocery-anchored retail in the area.
Fort Worth, Texas – The Georgetown Company has recently acquired the Waterside retail center, a grocery-anchored property located in southwest Fort Worth, Texas. This new acquisition adds to Georgetown’s expanding retail portfolio, further establishing its presence in the growing grocery-anchored sector.
The Waterside retail center spans 12.6 acres and features a total of 157,000 square feet of retail space. Currently, the property is 98% leased, reflecting the increasing occupancy rates for grocery-anchored centers in the region. This particular center is anchored by the only Whole Foods location within a 20-mile radius, enhancing its attractiveness as a shopping destination.
In addition to Whole Foods, notable tenants at the Waterside include popular retailers such as REI, Tricky Fish, and First Watch. The acquisition was made from Trademark Property Company, which is currently engaged in the redevelopment of the Lincoln Square shopping center in Arlington. While the transaction price remains undisclosed, it marks a significant milestone for Georgetown Company.
This acquisition aligns with the Georgetown Company’s strategy to expand its grocery-anchored retail holdings, bringing their total asset value in this segment to over $275 million. The Waterside center is part of a larger 63-acre development that includes more than 550 integrated multifamily rental homes, a Residence Inn, townhomes, and office space, indicating significant urban development in the area.
The retail center is situated along the scenic Trinity River and near the Chisholm Trail Parkway, which is recognized as a major corridor for residential and retail growth in Fort Worth. There is a notable demand for grocery-anchored retail in the Fort Worth market, with expectations for continued construction and absorption in the coming years.
Nationally, grocery-anchored centers achieved a record 96.4% occupancy in 2024, underscoring the strong demand and investment interest in this property type. The growing market in Fort Worth reflects a similar trend, bolstering Georgetown Company’s expansion plans.
JLL Capital Markets represented Trademark Property Company in this acquisition, with senior managing directors Chris Gerard and Barry Brown leading the transaction. This move marks an important step for Georgetown Company as they continue to enhance their real estate portfolio.
Key Features of Waterside Retail Center Acquisition
| Feature | Details |
|---|---|
| Location | Fort Worth, Texas |
| Total Area | 12.6 acres |
| Retail Space | 157,000 square feet |
| Occupancy Rate | 98% |
| Major Anchor | Whole Foods (only location within 20 miles) |
| Other Tenants | REI, Tricky Fish, First Watch |
| Development Size | 63 acres |
| Asset Value of Acquisition | $275 million |
| Occupancy Rate of Grocery-Anchored Centers (2024) | 96.4% |
FAQ Section
What property did Georgetown Company acquire?
The Georgetown Company acquired the Waterside retail center, a grocery-anchored property in southwest Fort Worth, Texas.
How large is the Waterside retail center?
The retail center covers 12.6 acres and features 157,000 square feet of retail space.
What is the occupancy rate of the Waterside retail center?
The property is currently 98% leased.
What major grocery store anchors the Waterside center?
The Waterside is anchored by the only Whole Foods location within a 20-mile radius.
Who were the other notable tenants in the Waterside center?
Other notable tenants include REI, Tricky Fish, and First Watch.
Who did Georgetown Company purchase the property from?
The acquisition was made from Trademark Property Company.
What is the total asset value for Georgetown Company in the grocery-anchored segment?
The acquisition pushes their total asset value in this segment to over $275 million.
What other developments are part of the Waterside project?
The Waterside center is part of a larger 63-acre development that includes more than 550 integrated multifamily rental homes, a Residence Inn, townhomes, and office space.
Where is the Waterside center located?
The development is located on the scenic Trinity River and near the Chisholm Trail Parkway.
What was the occupancy rate for grocery-anchored centers nationwide in 2024?
In 2024, grocery-anchored centers reached a record 96.4% occupancy.
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- Shopping Center Business: Disney Investment’s Republic Square Sale
- Wikipedia: Fort Worth, Texas
- Statesman: New H-E-B Store Opening in Georgetown
- Google Search: Georgetown Company Waterside
- Community Impact: Georgetown Business Updates
- Google Scholar: Georgetown Company Retail Acquisition
- Chain Store Age: Georgetown Company Acquires Retail Property
- Encyclopedia Britannica: Grocery-Anchored Retail
- The Real Deal: Georgetown Companies Expand in Texas
- Google News: Georgetown Company Acquisition
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