Thursday, March 12, 2015

NAS Gets Hunter Plaza Asset Managment

Los Angeles-based National Asset Services (NAS) has assumed asset management of Hunter Plaza, a 105,864-square-foot shopping center in Irving. NAS will assume management responsibilities of the neighborhood shopping center on behalf of a group of 21 tenant-in-common co-owners, who each has a deeded interest in the retail property.

Despite the center’s central location, north of LBJ Freeway and adjacent to the Valley Ranch development, Hunter Plaza is currently under 50 percent occupied. In a statement, however, NAS says it is optimistic about the asset.

“NAS is strategically positioned well in the Dallas market with commercial property and extensive resources to effectively manage and market Hunter Plaza,” Karen E. Kennedy, president and founder of NAS, says. “We look forward to improving the property to better serve the area residents and add value to our client’s investment.”

A 45,702-square-foot Best Buy and a 36,000-square-foot 24 Hour Fitness Sport anchor the neighborhood center, built in 2006. The property has a mix of national, regional and local tenants, including a 2,000-square-foot Subway.

Reps for NAS did not return a request for additional comments by press time.

Anna Caplan, GlobeSt.com