Allen, Burleson, McKinney part of $33M retail saleAllen, Burleson, McKinney part of $33M retail salehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=90302012-11-14T14:03:00Z2012-11-14T00:00:00Z

ALLEN, BURLESON, FORT WORTH, McKINNEY - Westwood Financial Corp. purchased four DFW area shopping centers totaling 223,749 sf with a combined sales price of nearly $33.6 million.

Three of the four properties were part of a value-add portfolio sold by Retail Properties of America Inc. That includes:

  • Allen — The 42,700-sf McDermott Towne Crossing retail property, located at the NW corner of W. McDermott Dr. and Alma Dr., is 63 percent leased.
  • Burleson — The 59,986-sf South Towne Crossing retail property, located on NW John Jones Dr. at SE Wilshire Blvd., is 87 percent leased.
  • McKinney — The 29,897-sf Lake Forest Crossing retail property, located at the SW corner of McKinney Ranch Pkwy. and Lake Forest Dr., is 41 percent leased.

The fourth property, Beach Western Commons, is a 91,116-sf Kroger-anchored shopping center, that sits at the NE corner of Western Center Blvd. and N. Beach St. in Fort Worth, is 95 percent leased.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/news/2012/11/12/westwood-financial-buys-four-texas.htmlRead more at {Source}

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