DALLAS-Centennial Real Estate Co. has bought two assets in North Texas – a 45,465-square-foot neighborhood center and a mixed-use project with 181 apartments and 70,000 square feet of retail.
The properties mark the first acquisitions the firm has made in several years, according to Centennial Real Estate CEO Steven Levin. “We've been actively trying to make investments, but these were the first two we found that we thought were good enough to buy,” he tells GlobeSt.com.
The local investor partnered with three other firms to close the deals. The purchase prices for both properties were not disclosed, but local sources estimate they traded for a total of roughly $30 million.
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