NORTH DALLAS - The 93,987-sf Galleria North has been sold to Houston-based Lionstone Group. The retail property at 5203-5229 Alpha Rd. is 100 percent leased to tenants that include The Container Store, Z Gallerie, Gary Riggs Home and World Market.
The seven-acre shopping center is across from the Galleria Dallas shopping mall. The new owners plan to hold the property long term while keeping an eye out for redevelopment opportunities.
“With Galleria Dallas and the strong surrounding submarket dynamics, we believe this extremely well-located retail center hasn’t yet reached its full potential,” said Lionstone chief investment officer Glenn Lowenstein.
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