SHOP Companies Investment Sales team has announced the sale of three retail properties located in Fort Worth, Frisco and Grand Prairie.
• Woodmont Plaza North: A 42,004 square foot shopping center consisting of two buildings located in Fort Worth. The property is positioned along bustling McCart Avenue with close proximity to Interstate 20, a major north Texas thoroughfare. At the time of sale the property was 94.76% leased to a complementary tenant mix that includes Schlotzsky’s Deli, Supercuts, H&R Block, Little Caesar’s Pizza, Boost Mobile, La Familia Auto Insurance, Cousins BBQ and Oportun, among others. Tim Axilrod, Tommy Tucker & Cameron Burk of SHOP Companies Investment Sales represented the seller, Black Lion Investment Group based out of California and procured the buyer, a Texas limited liability company.
• Stampede Crossing: A 7,897 square foot retail center located off the highly coveted Preston Road in Frisco. The property was 86.03% leased at the time of sale to Medical Massage Spa & Mesa Asia Bistro. The property was newly constructed in 2017. Tim Axilrod, Tommy Tucker & Cameron Burk of SHOP Companies Investment Sales represented the seller, a Texas limited liability company and procured the buyer, a California limited liability company.
• Lake Ridge Plaza: A 14,280 square foot retail center in Grand Prairie. The property is shadow anchored to CVS and positioned off the northwest quadrant of the signalized intersection of Camp Wisdom Road and Lake Ridge Parkway. Lake Ridge Plaza was 90.90% leased at the time of sale to a complementary mix of tenants including Little Caesars, State Farm, Lake Park Dental, Beauty Concepts Salon, Hollywood Nails & Spa, Lake Ridge Dry Cleaner and more. Tommy Tucker and Cameron Burk of SHOP Companies Investment Sales represented the seller, a Texas individual. The buyer was a local limited liability company.