Four Points Centre was conceived and planned by Hillwood Development Corporation, a Fort Worth company founded by real estate developer H. Ross Perot, Jr., which completed the majority of the infrastructure development. In 1998, Hillwood sold a portion of the retail lots to Barshop & Oles Company which completed development of a 120,000 square foot HEB-anchored retail center. In 1999, Hillwood sold the multi-family lots to JPI which has developed 550 Class A multi-family housing units. The balance of the land, approximately 270 acres, was purchased by Thomas Properties Group, Inc. in 2000.

In 2004, TPGRE sold an approximate 14-acre retail tract to Target Corporation for the construction of a 125,000 square foot retail store. Also in 2004, TPG entered into a ground lease with Wachovia Bank who constructed a 4,500 sf branch bank on a pad site in front of the Target.