Shop Cos. Arranges Sale of Two Retail Properties in Dallas-Fort Worth Area

by Scott Reid

Rowlett and Fort Worth, Texas — SHOP Cos. Investment Sales has arranged the sale of two retail properties in the Dallas-Fort Worth, Texas, area totaling 78,075 square feet.

Tommy Tucker and Tim Axilrod of SHOP Cos. represented the two different sellers in each transaction. Lakeview Crossing is a 49,693-square-foot retail center located in Rowlett. The property was 72 percent occupied at the time of closing with tenants including Big Lots and Royal Buffet. Area retailers include Walmart Supercenter, Target, The Home Depot, LA Fitness, CVS, Aldi, Ross, PetSmart and Dollar Tree. SHOP Cos. Investment Sales represented the seller, a Dallas-based limited liability company. A Houston-based limited liability company was the buyer.

Shops at Hulen is a 28,382-square-foot shopping center located in Fort Worth. The property is shadow-anchored by Walmart Supercenter and at the time of closing was 59 percent occupied to tenants including DaVita Dialysis, Sally Beauty Supply and Eyecrafters. The property is located 10 minutes southwest of downtown Fort Worth. SHOP Cos. Investment Sales represented the Texas-based seller. SHOP Cos. Investment Sales also procured the buyer, a private corporation from New Jersey.

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