Structure continues to lease up centers and get noticed, as more Owners are buying, then leasing and selling their centers with Structure Commercial. New listings include Vista Grove, Crossroads North and Custer Park. Billingsley has also signed Structure on to lease up Austin Ranch and the new development at Plano Parkway and Windhaven called the Boat House.
Structure picks up 12 new listings, including the 375,798 sf Cityview Center in Ft. Worth
Structure Commercial has picked up another 6 listing, totaling over 300,000 sf, including:
Firewheel Village, located at 3178 Lavon Dr. in Garland
Main Street Center in Frisco, located at Main Street and FM 423
Structure Commercial has picked up 7 ore listings, totaling over 500,000 sf, including LakePointe Market, at 6702 Dalrock Rd. in Rowlett. The center is anchored by Tom Thumb, Walgreens, Starbucks and Unleashed by Petco.
Structure Commercial partnered with MDT Investments in the purchase of Prairie Creek Village Shopping Center, a 101,741 SF multi-tenant neighborhood center located at the NW corner of West 15th street and Independence Parkway in Plano, Texas. Jeremy Cummings and Eric Deuillet of Structure Commercial brokered the deal with Sean Byrne of the Byrne Company, who represented the seller.
The center has a very good tenant mix with destination, convenience, and service tenants. Just north of George Bush and just west of Central Expressway gives it great access and sits in a very densely populated area with very solid demographics. The major developments of the State Farm complex and multiple residential developments surrounding it, help make this retail redevelopment a very solid investment. The 2 groups partnered to purchase the center across the street, Cloister Square, just over a year ago and took it from 65% occupied to 97% and it is a flourishing center now. They hope to do the same here.
Owners are taking notice of Structure Commercial’s aggressive leasing strategies as they bring their properties to Structure to get them filled. Structure started the new year off by picking up 5 more listings including:
The 96,111 sf Overland Stage Shopping Center in Arlington, anchored by Big Lots, AutoZone, Pancho’s, Dollar General and Bicycle’s Inc.
The 54,201 sf Frankford Center in Dallas, anchored by Lady of America Fitness, Papa Murphys and Gators.
The 41,420 sf Harwood Plaza in N. Richland Hills, a neighborhood center across the street from Tarrant County College.
Structure Commercial picked up 11 more exclusive listings totaling over 500,000 sf in October including the 163,341 sf Prestonwood Park Shopping Center, located at the NE corner of Park and Midway in Plano. They also picked up multiple investment sale listings, 4 land listings and 10819 Composite, the 10, 742 sf freestanding building with a massive billboard on 35, that comes with the property.
Hartman REIT assigned Structure Commercial another one of their properties. This time it was the Cooper Street Plaza, the 127,696 square foot, three (3) building retail center at the highly desirable intersection of Cooper Street and Interstate 20 in Arlington. Lead tenants at Cooper Street Shopping Center include: Home Depot, the largest home improvement retailer in the United States, Office Max a leader in both business-to-business office products solutions and retail office products, America’s largest K& G Men’s Store and T.G.I Fridays.
Structure Commercial also acquired the 83,924 SF shopping Center at the NW corner of Independence and 15th in Plano. The neighborhood center is home to Decorator’s Warehouse, American Specialty Pharmacy, Dollar General, multiple restaurants and neighborhood specialty uses. A complete upgrade to the center is already underway.
Structure Commercial picked up the 171,552 sf shopping center located at 650 Coit Road in Richardson. Major tenants include Verizon, Papa Murphy’s, Radio Shack, Wing Stop, and State Farm. Located at the signalized corner of Arapaho and Coit.
The Tuscany on Walnut, located at 601 Strada Circle in Mansfield.
South Mill Plaza, located at 788 South Mill St. in Lewisville.
1301 & 1305 South Broadway in Carrollton.
Matlock Green, located at 8021 Matlock Rd. in Arlington.
Eastchase Shopping Center, located at 8651 John T. White Rd. in Fort Worth.