Dallas’ 236,000-SF Corner Shopping Center sold

DALLAS – Cypress Equities has purchased the 236,050-sf Corner Shopping Center at the northeast corner of North Central Expy. and Walnut Hill Lane.

Cypress plans to redevelop the site and will detail plans for the property “in the coming months.”

“This center has remained basically unchanged since its original development in 1977,” said Cypress CEO Chris Maguire. “Cypress is fortunate to now have the opportunity to lead the value enhancement, redevelopment, and repositioning of this prime urban Dallas property.”

Corner Shopping Center is across the street from Dart’s Walnut Hill/Presbyterian Hospital rail station and is across the highway from where Provident Realty Advisors and Kroenke Holdings are building their Preston Hollow Village mixed-use project.

For more on the Preston Hollow Village project, check out previous story Dallas: Preston Hollow Village’s next step to 500 apartments.