CHARLOTTE, N.C. and DALLAS (June 1, 2026) — Big V Property Group, which opens, operates, and develops premier retail properties across the United States, announced that it and The Seitz Group have formed a joint venture with a fund managed by Principal Asset Management® for the development of Rosamond Town Center, an additional project in its ground-up retail complex in Anna, Texas.
Located at the northwest corner of Rosamond Parkway and Buddy Hays as it crosses Hwy. 75, Rosamond Town Center will be a 355,826-square-foot, open-air center anchored by Academy Sports + Outdoors, Aldi, Burlington, EOS Fitness, Hobby Lobby, HomeGoods, PetSmart, and T.J. Maxx, and featuring several outparcels and specialty stores. Construction is expected to begin shortly.
It is an additional, complementary development to Rosamond Crossing, with 175,300 square feet anchored by a grocery store chain and including major bank and restaurant partners. The two will be part of a 750,000-square-foot complex in Collin County being developed by Big V Property Group and The Seitz Group.
“Along with our development partner The Seitz Group, we are delighted to welcome Principal Asset Management to our Anna, Texas, property,” said Bryan Kallenberg, Vice President of Capital Markets at Big V Property Group. “Their investment is a testament to the strength of this project, this market, and the skills that both Big V and Seitz bring to this development.”
The joint venture is Big V Property Group’s second with funds managed by Principal Asset Management®. In December, the two acquired Fairfield Town Center in Cypress, Texas (metro Houston). The lender for Rosamond Town Center is Citizens Bank.
“We are excited to partner with such a highly respected institution to bring this exceptional project to such a fast-growing market in Anna,” said Corey Dendy, Southeast Real Estate Executive at Citizens.
“Based on Big V’s expertise in retail, and our successful work with them on acquiring Fairfield Town Center, we look forward to continued partnership opportunities,” said Colin Frye, Investment Director at Principal Asset Management®. “This new project in Anna will serve a growing community, and we are proud to help meet that demand.”
Anna was recently named the fifth fastest-growing U.S. city with populations of 20,000 or more, according to the U.S. Census Bureau. Three neighboring cities — Celina, Princeton, and Melissa — were ranked first third and fourth. The centers are located in Collin County, one of the fastest growing counties in the U.S., with population growth of 12% from 2020 to 2023 to nearly 1.2 million people. That number is expected to double by 2060, equaling all of the city of Houston. The median household income is $117,000.
Rosamond Town Center 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 51 retail shopping centers totaling 8.8 million square feet over its 33-year history. Big V Property Group owns and manages 23 shopping centers. The Anna projects are its first ground-up developments. Together, the partnership contributes extensive expertise in commercial real estate development, asset management, property management, and leasing.
Big V Property group already owns and operates six properties in the Lone Star State, comprising of RIM and Alamo Ranch in San Antonio, Glade Parks in Euless, Deerbrook Marketplace in Humble, Fairfield Town Center in Cypress and Southpark Meadows in Austin. As a vertically integrated company, the 80-year-old, family-run Big V Property Group boasts decades of experience in real estate asset management, commercial property management, outparcel development and leasing.
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, N.Y. For further information, please visit bigv.com.
About The Seitz Group
The Seitz Group (SGI) is a real estate development company located in the Dallas-Fort Worth area. SGI’s development process begins in the pre-development phase, where market and site analyses determine project feasibility and guide its formulation. Once a project is deemed viable, SGI focuses on design, financing, and scheduling.
During construction, a team of experts manages all aspects, including cost control, field supervision, and coordination with operational needs, ensuring the project’s economic viability and long-term adaptability. SGI has completed 51 projects totaling 8.8 million square feet of retail space over 33 years.
In leasing, SGI maximizes rent through strategic tenant mixes, creative marketing, and lease negotiations, while their property management services provide comprehensive solutions, from accounting to redevelopment analysis.
About Principal Asset Management®
With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.1 Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $578.0 billion in assets1 and recognized as a “Best Places to Work in Money Management”2 for 14 consecutive years.
Learn more at www.PrincipalAM.com
[1] As of March 31, 2026
[2] Pensions & Investments, The Best Places to Work in Money Management”, among companies with 1,000 or more employees, December 2025.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $227.9 billion in assets as of March 31, 2026. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail, private banking, wealth management and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. Consumer Banking includes Citizens Private Bank and Private Wealth, which integrate banking services and wealth management solutions to serve high- and ultra-high-net-worth individuals and families, as well as investors, entrepreneurs and businesses. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X, LinkedIn or Facebook.