Direct Retail Partners Purchases 417,167-Square-Foot Shopping Center in Central Texas

by Alex Tostado

Harker Heights, Texas — Direct Retail Partners has purchased Market Heights Shopping Center, a 417,167-square-foot property in Harker Heights. Direct Retail Partners originally developed Market Heights when the company operated as Direct Development. Market Heights is situated on 62.2 acres at 201 E. Central Expressway, 10 miles east of Fort Hood. The property was 89 percent leased at the time of sale to tenants including Cinemark, Dick’s Sporting Goods, Barnes & Noble, Ross Dress for Less, Old Navy, Petco, Ulta Beauty and Bed Bath & Beyond. Adam Howells of JLL represented the undisclosed seller in the transaction. Additionally, Mark Brandenburg and Tim Jordan of JLL arranged a four-year, floating interest rate loan on behalf of the borrower through Bayview Asset Management.

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