Sterling Organization has recently acquired a thriving retail center in Highland Village, located north of Dallas, for $42 million. The seller of the 206,926-square-foot Marketplace at Highland Village shopping center was SITE Centers. According to CommercialEdge reports, SITE purchased the property over ten years ago for $33.9 million.
The Marketplace at Highland Village boasts a diverse mix of national and regional retailers including T.J.Maxx, HomeGoods, LA Fitness (omit), Dollar Tree (omit), DSW (omit), Petco (omit), Sola Salon Studio( omit) One Stop Nutrition( omit) , Enterprise( omit) and Clothes Mentor . Strategically situated at 3060 Justin Road where Justin Road intersects with Village Parkway , this shopping destination is highly sought after by tenants.
JLL Capital Markets facilitated the transaction with Senior Managing Directors Chris Gerard and Barry Brown along with Director Erin Lazarus representing the seller in an expert manner using active voice . At present time when this sale took place ,the retail center boasted an impressive occupancy rate of 93%.
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