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Mesquite, Texas — Disney Investment Group (DIG) has arranged the sale of Towne Crossing, a 167,957-square-foot shopping center located in Mesquite, roughly 15 miles east of Dallas. Kroger anchors the property, which was 92 percent leased at the time of sale to 30 additional tenants including WSS, Citi Trends, CSL Plasma, Kids Empire, LaundroLab and Hertz, among others.
Kroger has operated at Towne Crossing since its opening in the early 1990s, and recently executed an early, long-term lease extension.
David Disney and Adam Crockett of DIG represented the seller, Phillips Edison & Co., and procured the buyer, Newport Capital Partners, in the transaction.