Frisco's 95,000-SF Legacy Ranch sells to LA buyerFrisco's 95,000-SF Legacy Ranch sells to LA buyerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=10642015-05-11T08:17:00Z2015-05-11T00:00:00Z

FRISCO - The 95,000-sf Legacy Ranch shopping center at 4851 Legacy Dr. has been sold.

Westwood Financial Corp., a California-based investor, purchased the property from Dallas’ Folsom Cos.

Built in 2004, Legacy Ranch is anchored by a Kroger supermarket. Other tenants in the retail center include Wells Fargo Bank, Allstate Insurance, Edward Jones and Supercuts.

“The City of Frisco is experiencing explosive economic growth and an increasing demand for retail,” said Joe Dykstra, executive vice president of Westwood Financial.

“We feel there is an upside in the rents given that the center is uniquely positioned to capitalize on the influx of new traffic from the series of high-profile developments just blocks away from the center.”

Westwood Financial is one of the country’s largest owners of grocery-anchored shopping centers. It owns almost two dozen retail properties in North Texas.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2015/05/frisco-shopping-center-sells-to-los-angeles-based-investor.html/Read more at {Source}

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