Tuesday, January 18, 2022
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Real Deals: SHOP sells two retail properties

🕐 2 min read

SHOP sells two retail properties

SHOP Companies Investment Sales team announces the sale of two retail properties in Plano and Mansfield.

Plano Crossing Building 1: An 11,919 square foot retail center comprised of all restaurant tenants located at the intersection of Highway 121 and Ohio Drive in Plano. The property is shadow anchored by Home Depot and across the street from Walmart Supercenter and Sam’s Club. Surrounded by more than 4 million square feet of retail, Plano Crossing Building 1 was 100 percent leased at the time of sale and in close proximity to the nationally acclaimed development, Legacy West, in a premier North Dallas submarket. Tim Axilrod and Tommy Tucker of SHOP Companies Investment Sales represented the seller, Black Lion Investment Group based out of California and produced the buyer, a Texas limited liability company. SHOP Companies Investment Sales is also marketing for sale Black Lion Investment Group’s Plano Crossing Building 2 located in Plano, and Woodmont Plaza North shopping center located in Fort Worth.

Mansfield Commons: A 27,792 square foot shopping center located in Mansfield, Texas. The property was 100 percent leased at the time of sale and shadow anchored by Walmart Supercenter at the high-trafficked intersection of Highway 287 and North Walnut Creek Drive. Notable surrounding retailers include Tom Thumb, 24-Hour Fitness, Walgreens, CVS Pharmacy, Chick-fil-A, and Chase Bank among others. Axilrod and Tucker of SHOP Companies Investment Sales represented the buyer, a Texas limited liability company and the seller, a Texas limited liability company was represented by Scott Henard and Peter Smelko of Matthews Real Estate Investment Services.

Retail space doubled

WhatchamaCallit recently signed a lease to nearly double its retail space within the Chapel Hill Shopping Center in Fort Worth. The new store spans approximately 6,400 square feet and is located at 4701 W. Freeway, Ste. 300. NAI Robert Lynn’s Fort Worth Retail Division President Jon McDaniel and Market Director Bobby Montgomery represented WhatchamaCallit.

“With the recent growth in west Fort Worth and higher demand for our products, we are excited to move into a bigger space to showcase our collection of specialty dresses and accessories,” said Gary Graham, manager of WhatchamaCallit in Fort Worth. “Our brand is committed to offering the latest styles for those important events in life.”

“While we are seeing a shift in consumer behavior toward online shopping, WhatchamaCallit continues to thrive in a retail brick-and-mortar setting,” said McDaniel. “WhatchamaCallit’s wide array of product options and personalized customer service cater to inherent consumer demand, as their customers are looking for an engaging in-store shopping experience with specialty products. We’re excited to see them continue to grow in the years to come.”

The Fort Worth location is the second in North Texas, providing special occasion clothes and accessories to females ages 13 and up.

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