|Kite Realty swoops up Chapel Hill Shopping Center||Kite Realty swoops up Chapel Hill Shopping Center||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=12||2015-08-24T05:00:00Z||2015-08-26T15:00:00Z|
FORT WORTH - Kite Realty Group Trust has acquired the 200,000-sf Chapel Hill Shopping Center.
The center is 96 percent leased and anchored by H-E-B Grocery’s premier Central Market, The Container Store and Cost Plus World Market.
The shopping center also includes a strong lineup of other high-quality retailers such as Ann Taylor, Beauty Brands, New Balance and Men’s Wearhouse.
The purchase price, net of $18 million of debt, was funded using remaining 1031 sale proceeds and other cash and liquidity sources.
Chapel Hill Shopping Center is located at the intersection of I-30 and Hulen St., one of the area’s most highly traveled crossroads, and benefits from multiple access points and ease of entry.
The densely inhabited area has an estimated population of 275,000 residents.
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