Shopping News
River District Plaza shopping center in west Fort Worth has new boss

River District Plaza
A shopping center on the west side of Fort Worth has changed hands: River District Plaza, located at 4854 White Settlement Rd., has been acquired by Headwall Investments, a San Antonio real estate investment and development firm founded in 2019 that focuses on acquiring, developing, and redeveloping commercial real estate in Texas.
River District Plaza, which went on the market in December 2024, is 100 percent occupied with a tenant mix that includes Wingstop, No Place Like Home Furniture, and Rustic on the River.
Headwell specializes in multi-tenant strip/convenience shopping centers in Austin, San Antonio, Dallas-Fort Worth, and Houston — all the cities where CultureMap has a bureau, huzzah.
"We are pleased to add River District Plaza to our growing portfolio and I'm proud of our team for getting this acquisition across the finish line," says Headwell founder & CEO George J. Wommack in a statement. "For over 18 years, our management team has targeted multi-tenant strip/convenience centers for their resilient cash flows, diversified tenant rosters, and reduced vacancy risk due to smaller, adaptable spaces."
"These centers are thriving in a period marked by rising rental rates due to a decade-long undersupply, and growing institutional demand for neighborhood retail that offers consumers convenient shopping experiences," Wommack says. "River District Plaza embodies these strengths, and we are committed to supporting its tenants and enhancing its value as a community hub."
