PLANO – BH Properties has acquired the 361,780-sf Preston Shepard Place shopping center.
The property was built in 1995 on 31 acres at the northwest corner of Preston Rd. and Old Shepard Pl.
It is 55 percent leased and anchored by Marshalls, Burlington, and Tuesday Morning. The Retail Connection handles leasing.
The seller was an entity associated with Houston-based REIT Weingarten Realty.
The Texas Real Estate Research Center has more on DFW's retail market:
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