DALLAS--CBRE Capital Markets' Retail Investment Properties has announced the sale of Hulen Pointe Shopping Center in southwest Fort Worth. Addison-based Bo Avery with TriMarsh Properties purchased the retail center from Austin-based Wes Walters Realty Inc. for an undisclosed price.

Hulen Pointe is comprised of four buildings totaling 174,783 square feet and is 47.6 percent occupied by a combination of national, regional and local tenants. Anchor tenants include Dollar Tree, Dickey's BBQ, State Farm and Great Clips. More than a quarter of the tenants have occupied space at Hulen Pointe for more than 10 years.

“We are ready to lease about 45,000 square feet to national tenants and bring the center's occupancy to 80 percent,” says Avery. “We are ready to be aggressive on rental rates.”

The asset is in a major retail hub, nearby a Walmart Supercenter, Kroger, Guitar Center and Barnes & Noble. Additionally, Hulen Mall is about one mile north of the center.

“Southwest Fort Worth is a major retail corridor that attracts shoppers from Arlington, Fort Worth, Mansfield, Cedar Hill and Grand Prairie,” Jennifer Pierson, senior vice president of CBRE, told GlobeSt.com. “Hulen Pointe is a well-located retail asset with several long-term tenants that offers upside potential through additional lease-up of the vacant 91,652 square feet—and TriMarsh is eager to take it there.”

Pierson, Beth Pierson and Cameron Deptula, with CBRE in Dallas, represented the seller.