“Vineyard Marketplace is the third Hobby Lobby-anchored property in our portfolio of 29 shopping centers, and we have historically had success in leasing around a quality anchor such as Hobby Lobby,” Irvine tells GlobeSt.com.

The center is in a premier growth area in North Texas with a 7% population increase from 2012 to 2017 and strong average household incomes, GlobeSt.com learns. The center includes other notable tenants such as Hallmark, i Fratelli's, Fuzzy's Taco Shop, H&R Block and State Farm. Other area retailers are Super Target, Albertsons, Bed Bath & Beyond, LA Fitness and Lowe's home improvement.

JAH Realty LP wholly owns, manages and leases a shopping center portfolio of 2 million square feet in Dallas-Fort Worth and Oklahoma City, and manages and leases another 2.1 million square foot portfolio throughout the United States on behalf of TriGate Capital LLC (an affiliated company).

As previously reported, emerging markets are worthy of revitalizing but are located in historically underinvested and undervalued emerging urban neighborhoods with high supply-demand imbalances, high density and growing populations. These are desirable targets for investors.

GRAPEVINE, TX—What was once limited in terms of shopping options has turned into a mecca for new concepts and retailer choices. One of those retail centers, Vineyard Marketplace, is a 121,228-square-foot shopping center located at 2030 Glade Rd., at Glade Road and Highway 121, on the western edge of DFW International Airport. It has visibility and accessibility from State Highway 121, the main thoroughfare connecting Bedford, Euless and Grapevine.

It was recently acquired by JAH Realty LP from seller Curo Enterprises LLC for an undisclosed purchase price. A prior sale 10 years ago was for approximately $16.7 million when a joint venture of Henry S. Miller Companies and NDC Capital Partners LLC purchased the center from Clearview Investments, GlobeSt.com learns.

“Vineyard Marketplace is a good long-term investment property in a quality suburban community with a new retail tenant mix at the intersection,” said Graham Irvine with JAH. “The submarket of Euless, Bedford, Grapevine and Colleyville was at one time limited to Southlake Boulevard, Grapevine Mills or North East Mall for shopping, but 121 and Glade has recently evolved into a regional intersection for many retailers including new concepts entering the DFW market. Given the Hobby Lobby anchor and strong sales within the center, we anticipate positive leasing activity throughout 2017.”

Ethan Slavin and William Rosatti with JAH will handle the leasing of the shopping center. The seller was represented by Jim Batjer and Ryan Shore of HFF.

“Vineyard Marketplace is the third Hobby Lobby-anchored property in our portfolio of 29 shopping centers, and we have historically had success in leasing around a quality anchor such as Hobby Lobby,” Irvine tells GlobeSt.com.

The center is in a premier growth area in North Texas with a 7% population increase from 2012 to 2017 and strong average household incomes, GlobeSt.com learns. The center includes other notable tenants such as Hallmark, i Fratelli's, Fuzzy's Taco Shop, H&R Block and State Farm. Other area retailers are Super Target, Albertsons, Bed Bath & Beyond, LA Fitness and Lowe's home improvement.

JAH Realty LP wholly owns, manages and leases a shopping center portfolio of 2 million square feet in Dallas-Fort Worth and Oklahoma City, and manages and leases another 2.1 million square foot portfolio throughout the United States on behalf of TriGate Capital LLC (an affiliated company).

As previously reported, emerging markets are worthy of revitalizing but are located in historically underinvested and undervalued emerging urban neighborhoods with high supply-demand imbalances, high density and growing populations. These are desirable targets for investors.