LITTLE ELM, Texas--(BUSINESS WIRE)--Nov 20, 2024--
Davidson Bogel Real Estate (“DB2RE”) announced a nearly 225,000 square-foot Target-Anchored shopping center will be coming to the north side of Little Elm, Texas along US HWY 380. Dallas based, Weber & Company purchased the property on November 14th. David Davidson, Jr. and Edward Bogel with DB2RE represented the family who has owned the property for 157 years.
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The future retail development is located at the intersection of US HWY 380 & Ryan Spiritas Parkway. Weber & Company will tribute the family’s history in North Texas by naming the shopping center, Bates Towne Crossing, in their honor. The Reverend William Edmunds Bates acquired the property in 1867. Reverend Bates founded numerous Methodist churches including Oak Grove Church on FM 720 which is located west of the Future Target. Bates Towne Crossing will provide for nearly 225,000 square-feet of retail, and be home to a Target store.
Target plans to open within the center in the Summer of 2026. Weber & Co. has been developing in North Texas for over 50 years, including numerous anchored shopping centers with users such as Target, Lowe's, Walmart, Kroger, and Home Depot.
DB2RE will continue to be involved in the project with Ryan Turner and Jonathan Cooper leading the leasing of the Shopping Center.
This is the second grocery anchored development announced at the intersection this year. Earlier this year, GBT announced their plans to develop a Sprouts-Anchored shopping center on the northeast corner.
HEB owns the land directly west of the future Target but has not released timing for developing the land.
For more information about this transaction or to inquire about available space in Bates Towne Crossing, please contact:
info@db2re.com
db2re.com
About DB2RE
Davidson Bogel Real Estate (DB2RE) is a boutique land investment advisory group and brokerage firm headquartered in the Dallas-Fort Worth Metroplex. Founded by David Davidson, Jr., and Edward Bogel in 2015, the base principal of the company is exceptional client service, with investment and development of land throughout Texas and Oklahoma as the focus. DB2RE concentrates on land acquisitions, dispositions, and investment sales for families, trusts, and developers of retail, multi-family, industrial/mixed-use, and single-family communities.
About Weber & Company
Led by NTCAR Hall of Fame inductee John Weber, Weber & Co. has developed over 35 shopping centers totaling more than 11 million square feet of retail space in Texas. The company's centers have attracted major retail tenants such as Home Depot, Kroger, Lowe's, Target and Albertsons among many others.
Target-Anchored Shopping Center Planned for US HWY 380 in Little Elm, Texas (Photo: Business Wire)
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The S&P 500 index rose 22.26 points, or 0.3%, to 6,932.05. The Dow Jones Industrial Average added 288.75, or 0.6%, to close at 48,731.16, and the Nasdaq composite added 51.46, or 0.2%, to 23,613.31
Trading was extremely light as markets closed early for Christmas Eve and will be closed for Christmas Thursday. Roughly 1.8 billion shares traded on the New York Stock Exchange on Wednesday, which is roughly a third of the average trading day.
Markets will reopen for a full day of trading on Friday; however volumes are expected to remain light this week with most investors having closed out their positions for the year.
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Much of the focus for investors for the next few weeks will be on where the U.S. economy is heading and where the Federal Reserve will move interest rates. Investors are betting the Fed will hold steady on interest rates at its January meeting.
The U.S. economy grew at a surprisingly strong 4.3% annual rate in the third quarter, the most rapid expansion in two years, driven by consumers who continue to spend in the face of ongoing inflation. There have also been recent reports showing shaky confidence among consumers worried about high prices. The labor market has been slowing and retail sales have weakened.
The number of Americans applying for unemployment benefits fell last week and remain at historically healthy levels despite some signs that the labor market is weakening.
U.S. applications for jobless claims for the week ending Dec. 20 fell by 10,000 to 214,000 from the previous week’s 224,000, the Labor Department reported Wednesday. That’s below the 232,000 new applications forecast of analysts surveyed by the data firm FactSet.
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European markets moved between slight gains and losses. Asian markets were also quiet, with Hong Kong moving up 0.2% while Japan’s Nikkei 225 fell 0.1%
Gold prices were flat at $4,502 an ounce, and silver rose 0.8% to $71.69. U.S. crude oil was flat at $58.38 a barrel.
Derek Orth works on the floor at the New York Stock Exchange in New York, Wednesday, Dec. 10, 2025. (AP Photo/Seth Wenig)
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A person walks in front of a chart showing Japan's Nikkei index at a securities firm Friday, Dec. 19, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
