Wednesday, November 04, 2015

Robertson's Creek is Sold

Completed in 2007, the 97-percent-leased Robertson’s Creek is home to anchors Belk, Hobby Lobby, Dick’s Sporting Goods, Old Navy and ULTA Beauty.

DALLAS—HFF has closed the sale of Robertson’s Creek, a 336,402-square-foot core power center in Flower Mound.

HFF arranged the sale of the property on behalf of the seller, a partnership between TFG Crown Partners LP and Ball Ventures LLCDunhill Partners purchased the asset for an undisclosed amount. HFF was unable to provide further details about the transaction.

Completed in 2007, the 97-percent-leased Robertson’s Creek is home to anchors Belk, Hobby Lobby, Dick’s Sporting Goods, Old Navy and ULTA Beauty. The center’s in-line shop and outparcel pad tenants include Kirkland’s, Lane Bryant, UFC Gym, Pure Barre, Which Wich, Red Robin, Verizon Wireless and Five Below. JCPenney shadow-anchors the center.

Situated on 39.05 acres at 5801-5861 Long Prairie Road, Robertson’s Creek is in the epicenter of Flower Mound, an affluent community is less than 30 miles northwest of downtown Dallas and less than 33 miles northeast of downtown Fort Worth.

Senior managing director Doug Hazelbaker and managing director Ryan Shore led the HFF investment sales team representing the seller.

Anna Caplan/GlobeSt.com