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Principal Taps New Teams for 187,472-SF Center

LAKE WORTH, TX-The new owner makes the close a few weeks ago and then turns over Lake Worth Market Place to Weitzman and Cencor to lease and manage it.

By Connie Gore | Updated on November 12, 2007

LAKE WORTH, TX-Within weeks of buying the 187,472-sf Lake Worth Market Place, Principal Real Estate Investors has tapped the Weitzman Group and affiliate, Cencor Realty Services, to lease and manage its newest prize. The keys turn with occupancy at 90% and pad site development as future upside.

The Des Moines-based Principal acquired the northwest Fort Worth center at 6034 Azle Ave. from Canyon Partners of Fort Worth. Details about the sale weren’t available by press time.

The seller hung onto four pad sites for future development, which eventually will add muscle for Principal’s investment, according to Christopher Walker with Dallas-based Weitzman Group. Cencor’s Zoe Lopez is the asset’s new property manager.

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