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Best Buy stores at dominant centers Alamo Ranch in San Antonio and Deerbrook Marketplace in metro Houston will see first-of-its-kind partnership

CHARLOTTE, N.C. (November 24, 2025) — When a global retail giant tests a new concept, it needs to do so in the best possible location. So, when IKEA decided to partner with Best Buy on in-store mini showrooms of its kitchens and laundry rooms in Florida and Texas, it naturally sought Best Buys in top-performing shopping centers.

The result: two of the retailers’ five pilot programs in Texas are located in Big V Property Group centers: Alamo Ranch in San Antonio and Deerbrook Marketplace in Humble, Texas, part of the Houston metropolitan area. The Alamo Ranch location is now open, with the Humble store to open later this winter.

“Over the past few years, IKEA has sought to be ever closer to their customers — and that’s been our goal at Big V Property Group, as well,” said Gregory Ix, Executive Vice President of leasing. “That 40% of their pilot locations in Texas will be at our properties is a testament to our goal of acquiring the best locations in major Sunbelt markets — and then applying our management, leasing and construction skills to make them true community cores.”

The Ikea Best Buy Pilot program allows customers to explore and design kitchens and laundry rooms just steps from the appliances they can purchase to complete their installation. It is the first time IKEA products will be available from another retailer. In addition, Best Buy’s Alamo Ranch store will serve as a pick-up point for IKEA shoppers, who can pick up purchases from IKEA in Best Buy or online for free.

One of San Antonio’s most dominant retail centers, the 900,000-square-foot Alamo Ranch draws shoppers from the entire northwest region of the city. Other anchors at the property include Barnes & Noble, Lowe’s, JCPenney, Super Target and Ulta. More than 700,000 people live within 10 miles of the center.

“The closest full-size Ikea in San Antonio is more than an hour from Alamo Ranch,” Ix noted. “Our property makes it convenient for the young, high-income consumer who live nearby to create the living spaces of their dreams.”

Deerbrook Marketplace is situated in metro Houston’s rapidly growing northwest region, with communities including Atascocita, Humble, Kingwood and Spring seeing a 24.2% population increase over the last decade. The center boasts a best-in-class anchor and dining lineup including Best Buy, PetsSmart, Ulta, Office Depot, Old Navy, Marshalls, Shoe Station, Crunch Fitness, Chuy’s and Red Lobster.

“We’re thrilled that IKEA has recognized the strength of these two locations for this very important trial,” Ix said. “And we will watch closely as it tests these and other new concepts.”

For media inquiries, please contact:
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com

This flagship open-ended fund establishes a platform for sustained expansion and continued portfolio evolution for years to come.

In conjunction with the launch, company closes on a $765 million financing facility to support long-term growth.

CHARLOTTE, N.C. (October 23, 2025) —  Big V Property Group, which owns, operates, and develops premier retail properties across the U.S., along with their with their strategic and instrumental partner, Equity Street Capital, launched the Big V Core Property Fund, a $1.2 billion open-ended retail real estate fund created by consolidating seven institutional-quality retail assets into a single investment vehicle.

In conjunction with this fund launch, the company secured a $765 million financing facility to support the new fund’s current operations and continued expansion.

The Core Property Fund is designed to enhance long-term growth and appreciation for both existing and future investors. Significant benefits include increased diversification, improved operational efficiencies, economies of scale, redemption rights for investors to provide investor liquidity, and enhanced strategic flexibility needed to capture opportunities based on market cycles and rapidly changing trends. “We’ve spent two years planning our next phase of growth, and the launch of the Big V Core Property Fund today is the first step in a series of strategic moves designed to grow our platform and enhance long-term value for investors,” said Jeffrey Rosenberg, Chairman and CEO.  “We believe the roll-up of our seven most iconic retail properties into a single vehicle is the foundation which will facilitate the execution of our growth plans for the future.”

Property Contributions
The Fund’s properties are located in six vibrant and growing cities throughout the Sunbelt and boast an average occupancy of 96%, reflecting the strong fundamentals seen in the Core Property Fund and other premier centers nationwide. Open air retail performance continues to remain extremely strong with all-time high occupancy, record leasing spreads, rent and NOI growth. Each center boasts nationally recognized retailers with strong credit and long-term leases in place. Located in high-traffic areas, the centers are major shopping hubs for residents and visitors, with nearly 64.9 million total visits annually from nearly 9.2 million unique visitors. The centers are: 

(From left to right: The Avenue Murfreesboro, Alamo Ranch, Glade Parks, RIM, Southpark Meadows, Glynn Isle, Westside Centre — all seven properties being refinanced through the Big V Core Property Fund, Big V Property Group’s first open-ended fund. Photo credit: Big V Property Group)

Strategic Financing
The $765 million financing facility — led by Truist Bank, U.S. Bank, Huntington Bank, and Regions Bank provided a balance sheet execution. This reflects the strategic vision set forth by Big V Property Group’s senior management to support the Fund’s long-term growth.

“The Core Fund represented a unique opportunity to finance generational assets defined by exceptional quality, strong occupancy, and enduring stability — all supported by the proven operations of Big V Property Group,” said Bryan Kallenberg, Vice President of Capital Markets at Big V Property Group. “We’re deeply appreciative of the partnerships we’ve built with our four lending institutions — each one is a reflection of our team’s dedication and relentless drive for growth.”

Big V Property Group will serve as sole manager to the Fund.

For media inquiries, please contact:
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com

(Top open-air developer/managers to bring nearly 1 million square feet of retail to Collin County in a rare ground-up development project. Photo credit: Heights Venture Architecture & Design)

CHARLOTTE, N.C. and DALLAS (September 26, 2025) — In a rare new, ground-up retail development, Big V Property Group and The Seitz Group are teaming up to build the first of two premier, open-air shopping centers totaling nearly 950,000 square feet of new retail in Collin County, the companies announced.

“For over a decade, retail developers have been cautious to expand supply,” said Jeffrey Rosenberg, Chairman and CEO of Big V Property Group. “However, in fast-growing North Dallas more supply is needed and requires new developments that are configured and leased to their wants and needs. We are working with Eric Seitz on this exciting new project to bring our decades of management, operations, and leasing experience to North Dallas.”

The project marks Big V’s first ground-up development and is already 70% leased to creditworthy tenants. The first center will be:

New retail construction has been extremely rare in recent years, with new supply rising just 0.5% annually over the past decade, compared with 2.5% prior to the Great Financial Crisis of 2008, according to advisory firm Green Street. In the post-pandemic area, open-air development starts have averaged 0.3% of existing stock annually. The result is high occupancy, but communities that are underserved in terms of the contemporary retail facilities and tenants they need.

Rosamond Crossing is also a shift into new construction for Big V Property Group, which has acquired a portfolio of 50 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the U.S.

“This project draws upon the Big V’s long history of real estate development,” said Kenton McKeehan, President and Chief Investment Officer of Big V Property Group. “For this project, we chose to partner with The Seitz Group due to their deep knowledge of the North Dallas market and extensive open air retail development know-how. They were the obvious choice and we are excited to launch these projects alongside Eric Seitz and his team.”

The project will be located in Collin County, one of the fastest growing counties in the United States, with population growth of 12% from 2020 to 2023 to nearly 1.2 million people. That number is expected to double by 2060, equal to the entire city of Houston. The median household income is $117,000.

“As North Texas continues to grow and thrive, we’re proud to break ground on a new Kroger Marketplace store in Anna that will bring even greater access to fresh, affordable groceries and everyday essentials, plus the addition of 250-300 new jobs. This new site represents more than just a store — it’s a commitment to convenience, community and connection,” said Rudy DiPietro, President, Kroger’s Texas Division. “Kroger is more than a grocery store — we’re a community partner. As an employer, retailer, healthcare provider, and more, we’re committed to making a positive impact in the City of Anna and surrounding communities.”

Kroger’s Marketplace store format will feature the best that Kroger has to offer, including a full-service coffee kiosk, Murray’s Cheese counter, fuel center featuring a grab & go kiosk with beverages and snacks, full-service grocery, produce, floral, meat and seafood, pharmacy, and expanded general merchandise, including outdoor living products, home goods, apparel, toys, and more.

Other developments in the region that will draw residents, visitors, and corporations to the market include the $1.5 billion master-planned community Sherley Farms, connecting to downtown Anna; Universal Kids Resort, expected to open in summer 2026 in Frisco; and an expansion of the McKinney airport. Multiple new residential developments have also been announced for Anna.

Rosamond Crossing is the result of a strong partnership between The Seitz Group and Big V Property Group, which boast decades of combined experience in retail development and operations. Based in Dallas/Fort Worth, The Seitz Group has developed more than 50 retail shopping centers totaling over eight million square feet over its 33-year history. Big V Property Group, with over 80 years of experience, owns and manages more than 50 shopping centers, including five premier properties in Texas. Together, the partnership contributes extensive expertise in commercial real estate development, asset management, property management, and leasing.

Kaufman Consultants, a women-owned firm with almost 20 years of retail development experience, supported the partnership by aligning its vision with the City of Anna’s goals through expert guidance in planning and permitting, ensuring the project moved efficiently from concept to reality.

“This project showcases the strength of collaboration. With the City of Anna’s support and our partnership with Big V, we’ve created a Class A destination that brings grocery, restaurants, retail, wellness services — everything that the residents have asked for — to the community. It will be the foundation for Anna’s continued growth,” said Eric Seitz, The Seitz Group.

Rosamond Crossing is being financed with a combination of developer equity, financing from private equity partner, Equity Street Capital, and construction loan from Valley Bank.

“The pre-leasing velocity and the shadow anchor Kroger component to Rosamond Crossing allowed us to run a thorough competitive construction financing project. Ultimately, Valley Bank — a valued lending partner with a strong existing relationship with Big V — provided the construction financing on highly attractive terms,” said Bryan Kallenberg, Vice President of Capital Markets for Big V Property Group.

“Valley is very excited to be a part of the Anna Kroger development. Big V is a long-time client. They are one of the best retail operators in the country,” said Todd Harris, Commercial Real Estate – Division Head at Valley Bank. “Eric Seitz also brings an impressive track record of retail development expertise to the deal. DFW’s demographics and growth are unparalleled.  Anna is a critical part of this growth, and we are thrilled to be involved in this project.”

Permitting has begun and sitework is expected to begin this month, with vertical construction on Phase 1 in April 2026, with an April 2027 tentative opening. Phase 2 will begin construction in March 2027, with opening in March 2028.

The development will create approximately 400 jobs during construction and is estimated to create 125 permanent jobs when fully open and operational.

“This is a great moment in Anna’s history, and one that will continue to benefit our citizens for years to come,” said Pete Cain, Mayor of Anna, Texas. “We’re delighted that Big V, The Seitz Group and Kroger recognize the growth of our community and are excited for opening day!”

For media inquiries, please contact:
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com

The diverse group BJ’s Brewhouse, Hobby Lobby, Starbuck’s, T-Mobile, Skechers Outlet and more at centers including Harbison Court, above. Photo credit: Big V Property Group.

CHARLOTTE, N.C. (September 3, 2025) —Big V Property Group, a leading owner, operator, and developer of premier retail properties in high-growth Sunbelt markets, has successfully completed a $21.4 million refinancing for a diversified group of net-leased tenants, all a part of shadow anchored centers in the Big V Portfolio in the southern United States.

The properties are part of the Big V Income Fund, a nine-asset portfolio focused on generating stable, long-term cash flow through net-leased retail investments. The new financing package, secured through a regional bank, provides a sub-6% interest rate on-balance sheet, reinforcing the strength of the fund’s asset quality and tenant mix. All assets in the transaction are net-leased (NNN) to creditworthy, long-term tenants, providing predictable income and minimal landlord responsibilities.

“We’re pleased to have secured favorable terms in today’s attractive interest rate environment, which underscores the confidence our lending partners have in our assets and strategy,” said Bryan Kallenberg, Vice President of Capital Markets. This refinancing reflects the ongoing strength of the Big V Income Fund’s net lease portfolio.”

The properties are the ground leases at:

The nine properties in the Big V Income Fund are all highly visited centers, and shadowed by notable anchored tenants which include, Target, Marshalls, TJMaxx, Burlington, Ross, Ulta, and others. Big V Property Group remains focused on acquiring and managing high-performing retail centers in vibrant Sunbelt markets, characterized by robust demographics, consistent foot traffic, and long-term economic growth.

About Big V Property Group
Big V Property Group (Big V) is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities across 14 states. Our 50+ neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.

For media inquiries, please contact:
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com

The bookseller has taken locations for its smaller format stores at Alamo Ranch, above, as well as The Avenue Murfreesboro and Southpark Meadows.

CHARLOTTE, N.C. (July 21, 2025) — The recent addition of three Barnes & Noble stores to Big V Property Group’s portfolio is not just evidence of the rebirth of the iconic bookseller, it also is a testament to the two companies’ relationship and the importance of adaptive reuse of existing space, the developer said.

All of the new Barnes & Noble stores — at Alamo Ranch in San Antonio and Southpark Meadows in Austin, both in Texas, and The Shoppes at Woodhill in Columbia, S.C. — were previously home to other retailers and were reconceived and remodeled to accommodate the retailer’s new, smaller format. Barnes & Noble also has a location at The Avenue Murfreesboro near Nashville in a lease signed prior to Big V Property Group’s acquisition of the center in 2020.

“Watching the reinvention and reinvigoration of Barnes & Noble shows the continued strength of brick-and-mortar retail, and it is now a critical component of our tenant mixes,” said Greg Ix, Executive Vice President of Leasing at Big V Property Group. “Small, independent booksellers are a vital part of retail, but there really is only one Barnes & Noble. We are happy to have leased nearly 75,000 square feet and reinvented rare vacant spaces to accommodate them and look forward to continuing our strong relationship.”

“It’s thrilling to see Barnes & Noble expanding again, with plans to open some 60 new stores nationwide in 2025,” said Julie O’Donnell, Big V Property Group Executive Director of Leasing. “Seeing a legacy brand reinvent themselves to adapt as an experience-led, traffic driver retailer, is exciting for all of our tenants, and Austin, San Antonio and Columbia, S.C. have been a perfect fit for them.”

Barnes & Noble’s 20,004-square-foot store replaces an Office Max at Southpark Meadows, home to dining, local, and regional retailers as well as Music Meadows, an outdoor communal area that hosts a variety of events all year long. Other anchors are Walmart, Super Target, Petsmart, Ulta Beauty, Old Navy, JCPenny, Marshalls, Hobby Lobby, Ross, Best Buy and HomeGoods. The center is located on Interstate 35, Austin’s primary North-South thoroughfare.

One of the largest and most prominent open-air centers in San Antonio, Alamo Ranch’s 900,000 square feet are anchored by Best Buy, Dick’s, Ross Dress for Less, Marshalls, Michael’s, Ulta, PetSmart, Super Target, Lowe’s, and JCPenney. Barnes & Noble’s 17,996 square feet also replaces an Office Max at the center, located on 1604, one of the city’s busiest vehicular arteries.

Big V Property Group re-leased a 25,000-square-foot former Bed Bath & Beyond at The Shoppes at Woodhill to Barnes & Noble prior to selling the center in December 2024.

“We’re proud of our flexibility to help major tenants find new locations in thriving markets such as Austin and San Antonio,” said Pat Kelly, Vice President of Leasing. “But Barnes & Noble deserves serious credit for developing a smaller, community-centric prototype that allows it to take locations of 20,000 square feet or so and serve new markets. It’s a tribute to smart retailing.”

All three stores are now open.

About Big V Property Group
Big V Property Group (Big V) is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities across 14 states. Our 50+ neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.

For media inquiries, please contact:
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com