Venture Commercial Real Estate’s investment group, Venture Investment Partners, has completed the acquisition of Sublett Corners Shopping Center, an 87,900 square foot center located on the northwest corner of S. Cooper Street and Sublett Road in Arlington.
The center is 93 percent leased and is shadowed-anchored by Albertsons. Tenants include Stein Mart, Dollar Tree, Supercuts, Cicis, KFC and Jack in the Box.
Bo Brownlee and Easley Waggoner Jr. represented Venture Investment Partners in the transaction. Bill Jordan with Marcus and Millichap represented the seller, Rip Griffin Truck Service Center Inc. Waggoner, along with Venture’s Amanda Throckmorton, will handle leasing for the center, and Venture Commercial Management will provide property management services.
“With the acquisition of Sublett Corners, Venture Investment Partners continues to build out its portfolio, with a goal to maximize value for investors by capitalizing on the retail talent here at Venture Commercial,” said Waggoner.
This deal marks the third acquisition by Venture Investment Partners, an investment platform that leverages Venture’s strengths in retail leasing, property management and asset management. Other properties in the portfolio include Hulen Fashion Center in Fort Worth and Preston Stonebrook in Frisco.