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**Investor Trio Acquires 439,569-SF Northwoods Shopping Center in San Antonio**
MCB Real Estate, Epic Real Estate Partners, and Centerbridge Partners have jointly acquired the Northwoods Shopping Center, a 439,569-square-foot grocery-anchored lifestyle center located in San Antonio, Texas. Currently 91% leased, this acquisition marks the first collaboration for the trio of firms. The deal is also the largest retail center transaction in San Antonio since 2021. The acquisition financing was provided by Truist Bank.
Northwoods Shopping Center was originally developed in 1996 by Barshop & Oles Company. The center is anchored by a flagship H-E-B, which holds a dominant 51% market share in the San Antonio metro area. Other key tenants include Nordstrom Rack, Marshalls, Homesense, Barnes & Noble, Old Navy, and Ulta Beauty.
This acquisition is part of a broader expansion strategy by MCB Real Estate, which has undertaken several retail investments in recent months. Notable deals include a $100 million redevelopment project at the former Century 21 department store site in Bay Ridge, Brooklyn, and the $65 million purchase of Falcon Ridge Shopping Center in Fontana, California.
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