property
Amarillo Investors Pour Millions Into Commercial Real Estate Deals
Recent deals involving large loans, acquisitions and leases illustrate the dollar figures and square footage at play in the local market.
How we reported this
In March 2026 Institutional Property Advisors listed the Western Crossing Retail Center, a 67,087-square-foot property anchored by Burlington, Petco and Michaels, for sale. The listing placed a sizable retail asset on the market at a time when other large financial moves were also recorded in Amarillo.
Loan Size and Mixed-Use Footprint
Dwight Capital secured a $58.6 million HUD 223(f) refinance loan for the Residences at Town Square. The mixed-use complex contains 480 residential units and 121,360 square feet of ground-floor commercial space. The refinancing amount reflects the capital tied to this single Amarillo property.
Downtown Block Purchases and Lease Volume
PRANA Development Group acquired more than three downtown blocks that include the former Blackburn Brothers and Levine's retail buildings plus the 100,000-square-foot Commerce Building. The reported investment range for the move was $5-10 million. Separately, Coldwell Banker Commercial First Equity completed a lease for 51,848 square feet of Class A office space at 701 S. Taylor Suites, space sized for roughly 330 employees.
Grant Program Supports Exterior Work
The City of Amarillo's Business Improvement Grant program provides matching funds up to 50 percent of project costs, capped at $20,000, for exterior improvements. Eligible areas include the Barrio, Eastridge, North Heights and San Jacinto neighborhoods along Route 66 corridors. Property owners can use the grants to offset costs on qualifying commercial upgrades.
These documented figures and square footages show the volume of capital and space involved in recent Amarillo commercial activity. Owners evaluating similar moves can review program guidelines through city channels and consult listing brokers for current asset details.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.