Vestar Buys North Dallas Retail Center
ByVestar acquired Twin Creeks Marketplace—a 43,134-square-foot grocery-anchored neighborhood center in Allen, Texas—from StreetLevel Investments. The sale was subject to an $8.7 million, 15-year term permanent loan from the Lincoln National Life Insurance Co. Earlier this year, Vestar also led the rebranding process and a strategic leasing campaign for Crockett Row at West 7th, a Fort Worth shopping center.
FULLY LEASED PROPERTY
Located at 1265 W. Exchange Parkway, the asset was developed in 2016. Twin Creeks Marketplace sits on five acres at the intersection of W. Exchange and Alma Drive, close to multiple residential communities. The property features more than 250 parking spaces. At the time of sale, the retail center was fully leased. Tenants include Sprouts Farmers Market, Verizon, Starbucks and Advancial Credit Union…
