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CB Real Estate, a Baltimore‑based commercial real‑estate firm, has teamed with Epic Real Estate Partners and Centerbridge Partners to buy San Antonio’s Northwoods Shopping Center. The 439,569‑sq‑ft grocery‑anchored mall, first joint venture among the three companies, was acquired for an undisclosed price and financed with a Truist Bank loan. Developed by Barshop & Oles Company in 1996, the center sits at the busy intersection of Loop 1604 and Highway 281. The center’s prime spot near major highways ensures high visibility and accessibility for shoppers, reinforcing its status as a regional retail hub.
“Acquiring Northwoods underscores our knack for spotting value in high‑traffic, high‑growth markets,” said MCB co‑founder David Bramble. “Its dominant grocer, strong junior anchors, and diverse mix of retail, dining, and service tenants make it an ideal asset. By combining the strengths of MCB, Epic, and Centerbridge, we’re positioned to deliver long‑term performance.”
The property is anchored by HEB and hosts major retailers such as Nordstrom Rack, Marshalls, HomeSense, Barnes & Noble, Old Navy, and Ulta. The deal follows a string of recent MCB purchases, including a $100 million redevelopment of the former Century 21 site in Brooklyn, a $65 million acquisition of Falcon Ridge Shopping Center in Fontana, and a 51,000‑sq‑ft Takoma Park Shopping Center in Montgomery County. MCB’s recent portfolio expansion demonstrates its commitment to acquiring and revitalizing high‑potential assets across diverse markets.
“Our focus on grocery‑anchored, necessity‑based centers drives our strategy,” said Centerbridge executive Matt Dabrowski.
