Trail Lake Plaza
Fort Worth, TX 

Property Snapshot | 32,684 SF neighborhood shopping center located along Trail Lake Drive near Interstate 820 in Fort Worth, TX.

Acquired: 7/09/2025

Trail Lake Plaza is a multi-tenant retail center located in Fort Worth, Texas, positioned within an established retail corridor with strong visibility and accessibility near Interstate 820. The property is anchored by national tenants including Sherwin-Williams and Family Dollar and serves a surrounding residential trade area with a mix of daily-needs retail and service-oriented tenants.

Criterion acquired the property with a value-add strategy focused on improving the overall quality of the center, increasing rents toward market levels, and strengthening long-term tenant stability through active asset management.

Since acquisition, Criterion has completed several property improvements, including parking lot resurfacing and restriping, updated property signage, exterior paint and storefront improvements, and enhancements to the center’s existing pylon signage. These improvements were designed to improve curb appeal, tenant visibility, and overall leasing momentum throughout the property.

Additional business plan initiatives include renewing tenants at market rental rates where possible, improving lease structure, and leasing remaining opportunities within the center over time.

Trail Lake Plaza reflects Criterion’s investment strategy of acquiring well-located retail properties with durable tenant demand, stable in-place occupancy, and identifiable opportunities to create additional value through disciplined property improvements and operational execution.

Slide below to view improvements to the Trail Lake property since purchasing in July 2025.