Wednesday, October 28, 2015

SHOP Cos. Investment Sales Arranges Sale of Retail Properties in Metro Dallas


The three retail properties include Gabriella's Square,
a shopping center in Wichita Falls.

DALLAS, FLOWER MOUND AND WICHITA FALLS, TEXAS — SHOP Cos. Investment Sales has arranged the sale of three retail properties totaling 22,733 square feet in metro Dallas. Tommy Tucker and Tim Axilrod of SHOP Cos. represented the three different sellers in each transaction.

The transactions included Jack in the Box, a 2,481-square-foot net leased restaurant located at the corner of Royal Lane and I-35 East in Dallas. The property is located 15 miles northwest of downtown Dallas and eight minutes east of the Dallas/Fort Worth International Airport. Jack in the Box has been a tenant at the property for more than 18 years. SHOP Cos. represented the seller, a Texas-based limited liability company. A private investor from California was the buyer.

SHOP Cos. also brokered the sale of a 2,661-square-foot Dairy Queen located on a 1.5-acre pad site in Flower Mound. Dairy Queen signed a 20-year lease prior to closing.  SHOP Cos. represented the seller, a private Texas-based limited partnership. A private investor from Louisiana was the buyer.

The last transaction was Gabriella’s Square, a 17,591-square-foot shopping center in Wichita Falls. The property fronts I-44/U.S. Route 277. At the time of closing, the property was 44.3 percent leased to tenants including Advance America, U.S. Cellular, Parkway Grill & Sports Bar and Princess Nails. SHOP Cos. represented the seller, a private Texas-based limited partnership. A private north Texas-based limited liability company was the buyer.

Texas Real Estate Business