Just one year ago, the 207,120-square-foot shopping center was 57 percent occupied after losing anchor tenants Linens 'N' Things and Circuit City. Dallas-based Phoenix Property Co., which serves as asset manager for the center's owner, IBV Bank of Germany, brought on Stream Realty Partners' Retail Division to handle leasing.

Since then, the Stream Realty team has inked more than 100,000 square feet of new deals at the center, which is located at 327 NW Loop 410. Toys "R" Us/Babies "R" Us committed to a 10-year lease as an anchor tenant and will open this fall, according to Robin Smith, co-managing partner in Stream Realty Partners' Retail Division.

Smith and Lance Taylor handle leasing for the center, which was built in 1995. Todd Wallace and Robert O'Farrell with SRS Real Estate Partners in Austin represented Toys "R" Us/Babies "R" Us.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.