Rockstreet Partnership Purchases Cooper Oaks
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Faced with the prospect of re-letting the suddenly vacant anchor space, prior ownership elected to sell Cooper Oaks to the Rockstreet-Cielo joint venture.
DALLAS–Rockstreet Partners has purchased Cooper Oaks Crossing, an 86,175-square-foot neighborhood shopping center in Arlington.
Acquired in an off-market transaction through a joint venture with Cielo Property Group, Cooper Oaks is located at the southeast corner of South Cooper Street and Southwest Green Oaks Boulevard, just south of Interstate 20 and The Parks at Arlington mall. The property boasts over 62,000 square feet of available anchor space, and a variety of small shop tenants including a CareNow,General Nutrition Center and Wing Stop.
“We saw Cooper Oaks as a redevelopment opportunity with solid downside risk protection,” John L. Turner, principal with Rockstreet Partners, told GlobeSt.com. “The area surrounding Cooper Oaks is a heavily trafficked retail market, with a dearth of available anchor space. The current rents at Cooper Oaks will allow us to patiently implement our business plan.”…
