DALLAS—In response to an ever-changing retail landscape, the buyer pool in turn is ever-evolving as REITs and private owners continue to dispose of properties. Another two power centers, along with an unanchored retail center, have hit the sale column as a result.
The centers are located in the Dallas metro, along with one in Tennessee. Dallas-based boutique capital markets firm, Disney Investment Group, marketed and sold all three centers.
“REITs and private owners continue to sell and monetize non-core retail assets as the market adapts to the rapid changes continuing in the retail sector,” David Disney, principal, tells GlobeSt.com. “The buyer pool continues to evolve and we're still seeing price discovery for big-box retail centers in many markets.”
Lakepointe Towne Crossing is a 196,630-square-foot power center located at the northeast corner of FM 3040 and Interstate 35E in Lewisville, TX that has more than two dozen stores and restaurants. The center is anchored by Ross and Party City, and shadow anchored by Super Target. Other retailers include the food and beverage options of Bonsai Sushi, Pei Wei, Starbucks and Taco Bell/Long John Silver's. Lakepointe Towne Crossing was 62% leased at closing. Disney represented the seller, Retail Properties of America, and also procured the buyer.
Royal Crossing is an infill 22,579-square-foot center located at Interstate 75 and Royal Ln. in Dallas. The center is 86% leased with 11 tenants including Mattress Firm, Wingstop, Domino's Pizza and Fuzzy's Taco Shop. Disney represented the seller, Westwood Financial, and the buyer was represented by NAI Robert Lynn.
The Columns is a 173,727-square-foot power center located in Jackson, TN that is 98% leased and anchored by Best Buy, Ross Dress for Less, Marshalls, Bed Bath & Beyond, Old Navy and Books-A-Million. Disney and Adam Crockett of Disney represented the seller, Retail Properties of America, and also procured the buyer.
Disney Investment Group has executed the sale of more than $2.2 billion of retail properties.
DALLAS—In response to an ever-changing retail landscape, the buyer pool in turn is ever-evolving as REITs and private owners continue to dispose of properties. Another two power centers, along with an unanchored retail center, have hit the sale column as a result.
The centers are located in the Dallas metro, along with one in Tennessee. Dallas-based boutique capital markets firm, Disney Investment Group, marketed and sold all three centers.
“REITs and private owners continue to sell and monetize non-core retail assets as the market adapts to the rapid changes continuing in the retail sector,” David Disney, principal, tells GlobeSt.com. “The buyer pool continues to evolve and we're still seeing price discovery for big-box retail centers in many markets.”
Lakepointe Towne Crossing is a 196,630-square-foot power center located at the northeast corner of FM 3040 and Interstate 35E in Lewisville, TX that has more than two dozen stores and restaurants. The center is anchored by Ross and Party City, and shadow anchored by Super Target. Other retailers include the food and beverage options of Bonsai Sushi, Pei Wei, Starbucks and
Royal Crossing is an infill 22,579-square-foot center located at Interstate 75 and Royal Ln. in Dallas. The center is 86% leased with 11 tenants including Mattress Firm, Wingstop, Domino's Pizza and Fuzzy's Taco Shop. Disney represented the seller, Westwood Financial, and the buyer was represented by NAI Robert Lynn.
The Columns is a 173,727-square-foot power center located in Jackson, TN that is 98% leased and anchored by
Disney Investment Group has executed the sale of more than $2.2 billion of retail properties.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
