HFF Executes Sale of Retail Properties

CROSS ROADS, TX—Holliday Fenoglio Fowler, L.P. has closed the sale of two multi-tenant buildings that total 24,000 square feet and form the outparcel part of Village at Cross Roads shopping center in the Dallas-Fort Worth suburb of Cross Roads, Texas. HFF arranged the sale of the property on behalf of the seller, Lovett Commercial.

The assets consist of two out parcels located at NEC U.S. Highway 380 and FM 424 at a signalized intersection in Cross Roads, a lakefront community north of Dallas and Fort Worth that sees visitors from nearby Lake Lewisville and Lake Ray Roberts.  The 100% leased outparcels are home to Mattress Firm, Starbucks, UPS Store, Supercuts, Sally’s Beauty, Fuzzy’s Tacos and T-Mobile.  The asset is shadow-anchored by an 185,900-square-foot Walmart Supercenter and Village at Cross Roads tenants. Additionally, the assets will support a proposed 133,500-square-foot, class A power center.