Disney Investment Group Commercial Real Estate

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The Deal Sheet - Sprouts Crossing

Disney Investment Group closed the sale of two retail properties in Hurst. Sprouts Crossing in Hurst is a Class-A grocery-anchored center totaling 61k SF and anchored by Sprouts. Wellington Place in Hurst is a 17k SF unanchored shopping center adjacent to Sprouts Crossing and was acquired by the same buyer. 

Read more at: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/this-weeks-dallas-fort-worth-deal-sheet-66002?utm_source=MorningBrief&utm_medium=email&utm_campaign=20161005_dallas-ft-worth_morningbrief&be=david%40disneyig.com

DIG brokers 4 retail properties totaling $24 million

DALLAS, TEXAS - Disney Investment Group (DIG) announced today it has closed on the sale of four retail properties across Texas and Mississippi. The properties are:

  1. Sprouts Crossing - Hurst, TX: Class A grocery anchored center located in Dallas/Ft. Worth totaling 60,706 square feet and anchored by Sprouts which signed a long-term lease. The property was 75% occupied at the time of closing. Austin-based EPIC Real Estate Partners purchased Sprouts Crossing.
  2. Wellington Place - Hurst, TX: Unanchored shopping center totaling 17,327 square feet and located in Dallas/Ft. Worth. Wellington Place is adjacent to Sprouts Crossing and was acquired by the same buyer.  EPIC will facilitate a significant redevelopment and expansion of Sprouts Crossing with the Wellington acquisition.
  3. Walgreens - Spring, TX: Single tenant, net leased property leased to Walgreens and located in the Houston MSA. A private 1031 exchange buyer purchased the asset.
  4. University Crossing - Starkville, MS: Located at the entrance to Mississippi State University (MSU), University Crossing has 64,288 square feet and is 90% leased with 16 tenants including Starbucks, Rue 21, Pet Sense, Its Fashion Metro and Cadence Bank. MSU is the largest public university in the state of Mississippi. Cincinnati, OH-based Viking Partners purchased University Crossing.

David Disney and Adam Crockett with DIG represented the sellers and procured the buyers for each property (excluding the seller of Wellington Place).

About Disney Investment Group:
Disney Investment Group (DIG) is a Dallas-based boutique capital markets firm that has executed the sale of more than $2 billion of retail properties, including more than $979 million of transaction volume since 2012.

Disney Investment Group Arranges Sale of Shops at the Galleria in Metro Austin

Bee Cave, Texas — Disney Investment Group (DIG) has arranged the sale of Shops at the Galleria, a 537,685-square-foot retail center located in the Austin suburb of Bee Cave.

The center was 99 percent leased at the time of sale to tenants including Lowe’s, Best Buy, Marshall’s, HomeGoods, Cost Plus World Market, Michaels, PetSmart, Office Max, Old Navy and Ulta Beauty. DIG brokered the off-market sale to Chicago-based InvenTrust Properties Corp. CBRE worked on behalf of the seller, Christopher Commercial Inc., in the transaction. 

See more at:  https://www.shoppingcenterbusiness.com/the-latest-news/disney-investment-group-arranges-sale-of-shops-at-the-galleria-in-metro-austin

Austin Metro Continues To Dazzle Investors

BEE CAVE, TX—The Shops at the Galleria, a fully occupied, 537,684-square-foot regional power center 16 miles southwest of Austin, have sold for an undisclosed price. Oakbrook, IL-based InvenTrust Properties Corp. purchased the asset fromChristopher Commercial Inc.

The asset is located at 12780 Shops Pkwy. along Highway 71 between RR 620 and Bee Caves Rd., and is situated directly across from the Hill Country Galleria. It was completed in 2005 and is occupied by a strong roster of national retailers, including Lowe’s Home Improvement, Home Goods, Michael’s, Marshalls, Old Navy, PetSmart, World Market, Best Buy, ULTA and Office Max.

Disney Investment Group brokered the off-market sale to InvenTrust Properties Corp.  This is the fourth transaction the Disney group has completed with InvenTrust.  Chris Cozby and Chris Gerard with CBRE represented the seller.

David R. Disney, principal, Disney Investment Group, tells GlobeSt.com: “Shops at the Galleria is a fantastic, high-performing shopping center that could not be duplicated today in Bee Cave. This off-market sale to InvenTrust is another example of the continued insatiable investor demand for large-scale, high-quality retail assets located in the supercharged Austin market. The acquisition of Shops at the Galleria will serve InvenTrust very well for many years to come.”

The Shops at the Galleria is nestled among many of Austin’s wealthiest and most prestigious neighborhoods and towns, such as West Lake Hills, Bee Cave, Lakeway, Barton Creek and Steiner Ranch. Residents in a five-mile radius of the property earn an average of $145,000 annually with an average housing value of $540,000. The hilly topography is one of the greatest strengths of the nearly 100-acre property, limiting future competition and making it nearly impossible to replicate.

Read more here:  http://www.globest.com/sites/lisabrown/2016/04/05/austin-metro-continues-to-dazzle-investors/?channel=markets&section=austin&slreturn=20160306150510

Trophy Power Center Changes Hands in Austin, Texas

DALLAS, Texas (April 5, 2016) – Disney Investment Group (DIG) announced today it has closed on the sale of the Shops at the Galleria in Bee Cave, Texas. Totaling 537,685 square feet, Shops at the Galleria is currently 99% leased and anchored by Lowe’s, Best Buy, Marshall’s, HomeGoods, World Market, Michaels, Petsmart, Office Max, Old Navy, and Ulta along with many other national tenants. Shops at the Galleria is strategically located along Hwy. 71 between RR 620 and Bee Caves Rd and is situated directly across from the Hill Country Galleria.
 
DIG brokered the off-market sale to Chicago-based InvenTrust Properties Corp. This is the fourth transaction that DIG has completed with InvenTrust.
 
About InvenTrust Properties Corp:
InvenTrust became a self-managed REIT in 2014 and as of December 31, 2015, is an owner and operator of 112 multi-tenant retail properties. InvenTrust’s total retail portfolio comprises of 18.5 million square feet of retail space in 24 states. As of December 31, 2015, the Company also owned 11,039 student housing beds and 5.7 million square feet of non-core space.
 
About Disney Investment Group:
Disney Investment Group (DIG) is a Dallas-based boutique capital markets firm that has executed the sale of more than $2 billion of retail properties, including more than $945 million of transaction volume since 2012.

Disney Investment Group Arranges Sale of Retail Power Center in Metro Austin

BEE CAVE, TEXAS — Disney Investment Group (DIG) has arranged the sale of Shops at the Galleria, a 537,685-square-foot retail center located in the Austin suburb of Bee Cave. The center was 99 percent leased at the time of sale to tenants including Lowe’s Home Improvement, Best Buy, Marshall’s, HomeGoods, Cost Plus World Market, Michaels, PetSmart, Office Max, Old Navy and Ulta Beauty. DIG procured the buyer, Chicago-based InvenTrust Properties Corp., and CBRE represented the seller, Christopher Commercial Inc., in the transaction.

See more at:  rebusinessonline.com/disney-investment-group-arranges-sale-of-retail-power-center-in-metro-austin/

Disney Investment Group Honored with 2015 CoStar Power Broker Top Firm Award

DALLAS, TX - Disney Investment Group has been selected by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, to receive a CoStar Power Broker TM Award. This annual award recognizes the “best of the best” in commercial real estate brokerage by highlighting the firms and individual brokers who closed the highest transaction volumes in commercial property sales in 2015 within their respective markets. 

With the largest professional research organization serving the commercial real estate industry, CoStar is uniquely positioned to identify the top firms and brokers in each market throughout the U.S. and Toronto, Canada.  All awards are based on transaction data maintained in CoStar's commercial real estate database, the largest independently researched database of commercial real estate property information available online.

Disney Investment Group qualified as one of the top commercial brokerage firms in Dallas/Ft. Worth based on total sale transactions closed during the year. In order to be selected for this honor, Disney Investment Group's overall transaction volumes were evaluated by CoStar against other commercial real estate brokerage firms active in its region, and subsequently ranked among the top firms in the market.

Disney Investment Group's significant transactions that closed in 2015 included: Chapel Hill, Marketplace at El Paseo, Lake Forest Crossing and several net-leased assets.

“With such an active year in commercial real estate, CoStar is proud to honor the individual brokers and firms who perform at the industry’s highest level,” said CoStar Group founder and CEO Andrew C. Florance.  “These industry leaders deserve to be recognized for their expertise, hard work and superior deal-making abilities. We extend our congratulations to this year’s winners on their exceptional sales and leasing success.” 

Disney Investment Group Sells Four Retail Properties Totaling $80 Million

Dallas — Dallas-based Disney Investment Group (DIG) has arranged the sale of four retail properties for a total of $80 million.

Properties include Marketplace at El Paseo, a 224,628-square-foot power center located in Fresno, California; a Walgreens located in Memphis, Tennessee; a single tenant, net-leased Mattress Firm property in Branson, Missouri; and a single tenant, net-leased Aspen Dental property located in Branson, Missouri. David Disney and Adam Crockett of DIG facilitated all four of the transactions.

Matthew Tice of Inland Real Estate Acquisitions handled negotiations for Marketplace at El Paseo on behalf of the buyer, Inland Real Estate Income Trust. The seller of Marketplace at El Paseo was a partnership controlled by a California-based private developer and a Dallas-based equity investor.

The three single tenant properties sold to two different public and private real estate investment trusts in three separate transactions.

Read more here: http://www.shoppingcenterbusiness.com/the-latest-news/disney-investment-group-sells-four-retail-properties-totaling-80-million

DIG Brokers Four for $80 Million

DALLAS—Disney Investment Group (DIG) has been busy.

The Dallas-based boutique firm just closed on the sale of four retail properties across the U.S., totaling $80 million, including one power center and three single-tenant/net-leased assets, GlobeSt.com has exclusively learned.

The properties are:

Marketplace at El Paseo, Fresno, CA;
Walgreens, Memphis, TN;
Mattress Firm, Branson, MO;
and Aspen Dental, Branson, MO

DIG facilitated all four transactions. The Fresno center took over a year to close, according to David Disney, principal with DIG. The class A power center, totaling 224,628 square feet and built in 2014-2015, was acquired by Inland Real Estate Income Trust; the seller was a partnership controlled by a private developer based in California and a Dallas-based equity investor. Matthew Tice with Inland Real Estate Acquisitions handled negotiations on behalf of the buyer. The center is shadow-anchored by Target, and anchor tenants include Ross Dress For Less, Marshalls, Old Navy, Burlington, Petco, Kirkland’s and Ulta. It is 96 percent occupied and includes more than 35 tenants.

DIG, Disney says, sourced the opportunity through a relationship with a principal of the Dallas-based company that provided the equity for development, which represents Inland Real Estate Income Trust's first acquisition in California.

Additionally, the three single tenant/net leased properties were sold to two different public and private real estate investment trusts in three separate transactions. The Walgreens in Memphis recently renewed its 20-year ground lease; and the Mattress Firm and Aspen Dental in Branson, both located within The Shoppes at Branson Hills, have more than eight years and 10 years remaining leases.

In August, DIG brokered a power center deal a little closer to Dallas--the sale of Chapel Hill in Fort Worth.

Read more here:  http://www.globest.com/news/12_1224/dallas/retail/DIG-Brokers-Four-for-80-Million-362867-1.html

Marketplace at El Paseo in northwest Fresno sold

Inland Real Estate Income Trust, an Illinois-based commercial real estate and finance organization, announced Wednesday that it has acquired The Marketplace at El Paseo shopping center in northwest Fresno for $70 million.

The sale expands “the reach of Inland Income Trust’s portfolio and the company’s geographic footprint to California,” said Mitchell Sabshon, president and chief executive officer, in a news release.

Inland owns or controls retail, office, industrial and apartment properties across the country. In California, the company owns the NorthPointe Shopping Center in Modesto.

El Paseo, the largest retail center on Herndon, east of Highway 99, was built by Rich Development, a southern California development company in 2014. It is 96 percent leased and anchored by Target. Other tenants include Burlington Coat Factory, Marshalls, Ross Dress for Less, Old Navy, Petco, Ulta Beauty and Famous Footwear.

Rich Development has plans to build the second phase of the center along Golden State Boulevard.

Matthew Tice, vice president of Inland Real Estate Acquisitions, represented the buyer. Disney Investment Group, a Dallas-based brokerage firm, facilitated the sale with the developer.


Read more here: http://www.fresnobee.com/news/business/biz-columns-blogs/real-estate-blog/article41737710.html#storylink=cpy

El Paseo, NW Fresno’s newest shopping center, sold

Inland Real Estate Income Trust, Inc. has purchased Fresno’s 224,683-square-foot Marketplace at El Paseo shopping center.

The sale was announced today in a press release issued by Inland.

Matthew Tice, vice president of Inland Real Estate Acquisitions, Inc., confirmed the Oak Brook, Illinois-based Real Estate Investment Trust (REIT) purchased the property from Rich Development and Gryphon Capital, which built the northwest Fresno shopping center in 2014.

“This acquisition was an ideal match for Inland Income Trust’s strategy to acquire high quality multi-tenant retail assets,” Tice said.

David Disney of Dallas-based Disney Investment Group brokered the transaction.

"It took us about a year to put the deal together," Disney said.

Other details of the transaction, including the sale price, were not released. But sources close to the deal confirmed the sale included a majority of Phase One of the development.

The sale price of the center was $70 million, according to documents filed with the Securities and Exchange Commisssion.

Chris Shane of Los Angeles-based Gryphon Capital said that his company and Rich Development, also based in Southern California, continue to own a large parcel at the Marketplace at El Paseo and have plans for future development there.

“I can’t comment on any of the details involving the Inland sale,” Shane said. “But I can confirm that [Gryphon and Rich] are finishing up our plans for Phase Two of the shopping center. We’re very excited and plan to begin construction work sometime next year.”

Shane said Phase Two will add approximately 300,000 more square feet to the sprawling shopping center.

“We are pleased to expand the reach of Inland Income Trust’s portfolio and the company’s geographic footprint to California with the purchase of Marketplace at El Paseo,” said Mitchell Sabshon, president and CEO of Inland Real Estate Investment Corp.

Marketplace at El Paseo, located at 6549 N. Riverside Dr., at the southeast quadrant of Highway 99 and Herndon Avenue, is currently 96-percent leased, with a roster of national tenants that include Burlington Coat Factory, Marshalls, Ross Dress for Less, Old Navy, Petco, Ulta Beauty and Famous Footwear.

The shopping center is anchored by Target, which was not included in the transaction.

Inland Real Estate Income Trust owns, either directly or indirectly, a large portfolio of more than 30 million square feet of commercial real estate located throughout the country. According to its website, the vast majority of the privately held REIT’s properties are located in the Eastern U.S.

Read more here:  http://mail.thebusinessjournal.com/news/real-estate/19955-northwest-fresno-s-newest-shopping-center-sold

Fort Worth’s Chapel Hill shopping center sold to Kite Realty

The popular Chapel Hill shopping center at I-30 and Hulen in Fort Worth, which features Central Market, The Container Store and Cost Plus World Market, has been sold to Kite Realty Group.

Kite, a public company based in Indianapolis, acquired the center from Dallas-based Strode Property Co., which developed the center and has owned it since 1999, according to a report on GlobeSt.com. Disney Investment Group handled the sale for Strode.

In a press release, Kite says the 200,000-square-foot power center is 96-percent leased and includes retailers Ann Taylor, Beauty Brands and New Balance.

But the company generically notes that the center is located “in the MSA of Dallas,” along “one of the area’s most highly traveled crossroads.”

Attention Kite: Your newest asset is in FORT WORTH, the 16th biggest city in the country! Get with it.


Read more here: http://www.star-telegram.com/news/business/biz-columns-blogs/tarrant-business-blog/article32423703.html#storylink=cpy

Kite Realty Acquires Power Center in Fort Worth

FORT WORTH, TEXAS — Kite Realty Group Trust has acquired Chapel Hill Shopping Center, a 200,000-square-foot power center located in Fort Worth. The center is 96 percent leased and anchored by Central Market, The Container Store and Cost Plus World Market. Other tenants include Ann Taylor, Beauty Brands, New Balance and Men’s Wearhouse.

The purchase price was funded using 1031 sale proceeds and other cash and liquidity sources. Chapel Hill Shopping Center is located at the intersection of I-30 and Hulen Street. The area has an estimated population of 275,000 residents within a five-mile radius. David Disney and Adam Crockett of Disney Investment Group represented the seller and also procured the buyer in the transaction. -

See more at: http://rebusinessonline.com/kite-realty-acquires-power-center-in-fort-worth/#sthash.H4ORkQ4V.dpuf

Indianapolis real estate trust buys luxury Fort Worth shopping center

In a hush-hush deal, Indianapolis-based Kite Realty Group Trust (NYSE: KRG) has acquired one of Fort Worth's trophy shopping centers — Chapel Hill Shopping Center.

Terms of the deal were not immediately disclosed Monday.

Kite Snags Trophy FW Retail Asset

FORT WORTH—A trophy shopping center in west Fort Worth has been sold.

The Central Market-anchored, 191,000-square-foot Chapel Hill has been acquired by Indianapolis-based Kite Realty Group Trust in a deal that closed Friday, Disney Investment Group (DIG) exclusively tells GlobeSt.com.

The seller was Dallas-based Strode Property Co. who developed the center and has owned it since 1999.

“This is a pretty rare, pretty sought-after center,” says David Disney, principal with Dallas-based DIG. “Central Market is highly coveted.”

According to Disney, in the last 10 years, only one other Central Market-anchored center in the Dallas/Fort Worth area has traded hands. That was Preston Oaks in a deal which DIG also brokered in 2013.

In the recent transaction, Disney and Adam Crockett, associate at DIG, represented the seller and also procured the buyer.

“It’s a thriving center and shows real well,” Disney says. “[Kite] was looking for a trophy asset.”

Kite clearly has an interest in comparable centers. In April, it acquired the Whole Foods Market-anchored Colleyville Downs in Colleyville.

Other tenants at Chapel Hill include Mi Cocina, The Container Store, Aaron Brothers and Cost Plus World Market.

The transaction represents the sixth deal completed between Strode Property Co. and DIG

http://www.globest.com/news/12_1182/dallas/retail/Trophy-Retail-Asset-in-West-Fort-Worth-Is-Sold-361049-1.html

Disney Investment Group Sells Chapel Hill in Dallas/Ft. Worth

DALLAS, Texas (August 24, 2015) – Disney Investment Group (DIG) announced today it has closed on the sale of Chapel Hill shopping center in the D/FW Metroplex.  Chapel Hill is a trophy, grocery-anchored community center located at the southwest corner of Interstate 30 and Hulen St. in Ft. Worth, Texas.  Totaling over 191,000 square feet, Chapel Hill is anchored by one of HEB’s top performing Central Market stores in D/FW and includes other national tenants such as Container Store, Cost Plus World Market, Ann Taylor Loft, Men’s Wearhouse,  Aaron Brothers, Mi Cocina, and many others. 

The buyer was Kite Realty Group Trust (NYSE: KRG).   The seller, Strode Property Company, developed the center in 1999 and has owned it for more than 15 years.  David Disney and Adam Crockett of Disney Investment Group represented the seller and also procured the buyer.  Chapel Hill represents the sixth transaction completed between Strode Property Company and DIG.

About Kite Realty Group Trust

Indianapolis-based Kite Realty Trust is a full-service, vertically integrated real estate investment trust engaged in the ownership, operation, management, leasing, acquisition, construction, redevelopment and development of neighborhood shopping centers in selected markets in the United States.  For more information on Kite Realty, please visit the Company’s website at www.kiterealty.com

About Strode Property Company

Dallas-based Strode Property Company was formed in 1979 by James E. Strode and has since developed and managed over 5,000,000 square feet of retail shopping centers and tenant build-to-suits throughout the southern United States.

About Disney Investment Group

Disney Investment Group (DIG) is a Dallas-based boutique investment capital markets firm that has executed the sale of more than $1.8 billion of retail properties, including more than $700 million of transaction volume since 2012.

Disney Investment Group Honored with 2014 CoStar Power Broker Top Firm Award

DALLAS, TX - Disney Investment Group has been selected by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, to receive a CoStar Power Broker TM Award. This annual award recognizes the “best of the best” in commercial real estate brokerage by highlighting the firms and individual brokers who closed the highest transaction volumes in commercial property sales in 2014 within their respective markets. 

With the largest professional research organization serving the commercial real estate industry, CoStar is uniquely positioned to identify the top firms and brokers in each market throughout the U.S. and Toronto, Canada.  All awards are based on transaction data maintained in CoStar's commercial real estate database, the largest independently researched database of commercial real estate property information available online.

Disney Investment Group qualified as one of the top commercial brokerage firms in Dallas/Ft. Worth based on total sale transactions closed during the year. In order to be selected for this honor, Disney Investment Group's overall transaction volumes were evaluated by CoStar against other commercial real estate brokerage firms active in its region, and subsequently ranked among the top firms in the market.

Disney Investment Group's significant transactions that closed in 2014 included: Park Avenue, Mansfield Pointe, Westside Market and Bryant Square.

“CoStar is proud to honor the individual brokers and firms who perform at the industry’s highest level each year,” said CoStar Group founder and CEO Andrew C. Florance.  “These industry leaders deserve to be recognized for their expertise, hard work and superior deal-making abilities. We extend our congratulations to this year’s winners on their exceptional sales success.”

Disney Arranges Sale of Lake Forest Crossing Shopping Center in Metro Dallas

MCKINNEY, TEXAS — Disney Investment Group (DIG) has arranged the sale of Lake Forest Crossing in McKinney. Lake Forest Crossing is a 29,897-square-foot shopping center shadow-anchored by Walmart Supercenter and located at the intersection of McKinney Ranch Parkway and Lake Forest Drive. Lake Forest Crossing was developed in 2005 and is in close proximity to Craig Ranch, a 2,200-acre, master-planned community under development. McKinney recently ranked No. 2 on Money Magazine’s “Best Places to Live in America” list. David Disney and Adam Crockett of DIG represented the seller, Los Angeles-based Westwood Financial Corp., in the transaction, and also procured the Texas-based private buyer.

See more at: http://rebusinessonline.com/disney-arranges-sale-of-lake-forest-crossing-shopping-center-in-metro-dallas/#sthash.RSGmLc55.dpuf

The Deal Sheet: Lake Forest Crossing

Smaller multi-tenant retail shopping centers are still luring buyers, evidenced by Westwood Financial Corp’s sale of its 30k SF Lake Forest Crossing in McKinney.

Lake Forest Crossing, at the intersection of McKinney Ranch Parkway and Lake Forest Drive and shadow-anchored by Walmart Supercenter, was purchased by Westwood Financial Corp in 2012 when it was 42% leased, says Disney Investment Group principal David Disney. Westwood leased the property enough (75% filled) to warrant selling it, though the private buyer still has a nice value-add opportunity. David and colleague Adam Crockett repped the seller and also procured the Texas-based private buyer. This sale is the sixth transaction that DIG has completed with the seller and is the second time DIG representatives have sold Lake Forest Crossing. 

https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/this-weeks-dallas-fort-worth-deal-sheet-42373

 

Bryant Square Purchased for $33.8M

SCI Real Estate Investments sold the Bryant Square Shopping Center at the corner of E. 2nd St. and S. Bryant Ave. in Edmond, OK to Inland Real Estate Acquisitions for $33.8 million, or about $121 per square foot.

The community center is approximately 279,000 square feet in the Edmond Retail submarket of Oklahoma County. The asset is currently 94 percent leased, with anchor tenants including Ross Dress For Less, Petco, Old Navy, and Hancock Fabrics.

Robert Leu with Fameco Real Estate and Dale Peterson with CBRE represented the seller. David Disney with Disney Investment Group represented the buyer.

Please see CoStar COMPS #3092132 for more information on this transaction.

http://www.costar.com/News/Article/Bryant-Square-Ctr-Purchased-for-$338M/163618

Inland American Real Estate Trust Pays $33.8M for Bryant Square in Edmond

In a $33.8 million deal, Inland American Real Estate Trust Inc. has acquired Bryant Square Shopping Center, a 275,466-square-foot Class A retail property in Edmond.

Located about 14 miles north of Oklahoma City’s central business district at 308 S. Bryant Ave., the center is currently 94 percent leased. Among its tenants are Bed Bath & Beyond, Dollar Tree, Old Navy, Ross Dress for Less, and Petco.

Bryant Square is also shadow anchored by nearby Wal-Mart, Super Target, and Lowe’s stores. Its trade area includes the University of Central Oklahoma campus and the nearby Edmond branch of the OU Medical Center.

“This power center, with a grocery component, is a terrific addition to our retail portfolio due to its solid national tenant line-up, strong demographics and an ideal location trafficked by more than 40,000 vehicles per day,” Christopher Covey, senior vice president of transactions for Inland American, said in a statement. “Bryant Square is a dominant retail property in the Edmond area and is well positioned for future growth.”

David Disney of the Dallas-based Disney Investment Group (DIG) brokered the transaction.

http://www.multihousingnews.com/cities/tulsa-oklahoma-city/inland-american-real-estate-trust-pays-33-7m-for-bryant-square-in-edmond/1004107083.html

Rare Sale of Anchored Center in Frisco

Disney Investment Group has closed on the sale of Westside Market, a new Tom Thumb anchored shopping center in Frisco. Inland Real Estate Acquisitions, Inc. has acquired Westside Market, which opened in 2013 and totals 93,562 square feet. The center is anchored by a 70,000 square foot Tom Thumb store as well as a Tom Thumb fuel center, which are both on long term leases. Westside Market is currently 98% leased and is strategically located at the southeast corner of FM 423 and Lebanon road where the upscale Phillips Creek Ranch subdivision is currently in development. Average household incomes within a one-mile radius of the center exceed $130,000. David Disney of DIG tells GlobeSt.com, “This type of transaction is very rare in Dallas. There are not many grocers on a lease that trade. Tom Thumb is a dominant grocer in the area and this location has thousands of new homes coming on line. I think the bottom line here is the rarity of the sale of a new grocery-anchored center.” Disney represented the seller on the sale of Westside Market and also procured the buyer. Matthew Tice of Inland facilitated the purchase on behalf of the buyer.

http://www.globest.com/news/12_874/dallas/retail/Rare-Sale-of-Anchored-Center-in-Frisco-346819-1.html?CMP=OTC-RSS

New Frisco Shopping Center Sells to Investor

Westside Market opened in 2013.

A Frisco shopping center has sold to an Illinois-based investor.

Inland Real Estate Acquisitions Inc. has acquired Westside Market, a 93,562 square foot retail center at the southeast corner of FM 423 and Lebanon Road.

Westside Market opened in 2013 and is anchored by a 70,000 square foot Tom Thumb store. The property is 98 percent leased.

David Disney of Disney Investment Group brokered the sale with Matthew Tice of Inland. Terms of the sale were not disclosed.

http://bizbeatblog.dallasnews.com/2014/06/new-frisco-shopping-center-sells-to-investor.html/

Disney Brokers $35M Sale in Mansfield, Flower Mound

Disney Investment Group has brokered the approximately $35 million sale of two shopping centers in Mansfield and Flower Mound. The properties are Cross Timbers Village, at FM 1171 and Bruton Orand Boulevard in Flower Mound, and Mansfield Pointe, at U.S. 287 and Debbie Lane in Mansfield. 

David Disney and Adam Crockett of DIG represented the seller, an entity controlled by Direct Development and Thackeray Partners, in the Cross Timbers Village transaction. They also procured the buyer, a private entity whose identity was not disclosed.

David Disney brokered the Mansfield Pointe sale between the seller, The Retail Connection, and the buyer, Inland Real Estate Acquisitions.

Inland Real Estate Acquisitions' Purchased Mansfield Pointe

Inland Real Estate Acquisitions' purchase of the 97%-occupied Mansfield Pointe could be the poster child for retail deals going on in the marketplace. It's all about lots of capital chasing the few Class-A stabilized retail properties for sale, says Disney Investment Group's David Disney, who brokered the sale. (Sounds like the week before prom.)

The seller (an entity controlled by The Retail Connection and GraniteProperties) has a shopping center that has a strong credit profile and that's part of the allure of these properties, David tells us. Based on the overall limited supply of quality retail and cap rates remaining very low, it's a great time for owners to put their product on the market, he says. (Right now people will pay anything for retail properties and audio of Solange Knowles in the elevator.) The 149k SF Mansfield Pointe, on the southwest quadrant of Hwy 287 and Debbie Lane in Mansfield, was developed in 2008 by Connected Development Services, an affiliate of TRC. TRC's Alan Shor and Chad Bradshaw and Granite's Paul Bennett repped the seller. Inland's Matthew Tice facilitated the purchase on behalf of the buyer.

https://www.bisnow.com/dallas-ft-worth/news/healthcare/The-Deal-Sheet-17410

Disney Investment Group Brokers $35M Sale of Two Shopping Centers

Disney Investment Group (DIG) has brokered the sale of two Dallas/Fort Worth Metroplex shopping centers for approximately $35 million. The properties include Cross Timbers Village, located in Flower Mound at the intersection of FM 1171 and Brutan Orand Blvd.; and Mansfield Pointe, located in Mansfield on the corner of Highway 287 and Debbie Lane. The 19,333-square-foot Cross Timbers Village is shadow-anchored by a Tom Thumb grocery store and is in proximity to the Wellington Estates community. The 148,529-square-foot Mansfield Pointe was 97 percent occupied by tenants including Sports Authority, Bed Bath & Beyond, PetSmart and Party City. In the sale of Cross Timbers Village, David Disney and Adam Crockett of DIG represented the seller, an entity controlled by Direct Development and Thackeray Partners, and also procured the buyer, a private buyer. In the sale of Mansfield Pointe, David Disney brokered the deal between the seller, The Retail Connection, and the buyer, Inland Real Estate Acquisitions.

See more at: http://rebusinessonline.com/disney-investment-group-brokers-35m-sale-of-two-shopping-centers/#sthash.lQB5cKUr.dpuf

Inland Buys Large Mansfield Shopping Center for $28M

Oak Brook, Ill.-based Inland Real Estate Income Trust Inc. has acquired a large Dallas-Fort Worth shopping center for $28.4 million.

The acquisition comes at a time when the trust's parent company, Inland Real Estate Investment Corp. (NYSE: IRC), recently named a new CEO, Mitchell Sabshon, who is aimed at turning the firm's two mega-REIT's poor performance back into a profitable investment option.

In a recent interview with Investment News, Sabshon told the publication it was time for Inland to either 'put up or shut up,' to regain the past luster of the mega-REITs.

The 148,529-square-foot Mansfield Pointe Shopping Center in Mansfield, a suburb of Dallas and Fort Worth, is 96.7 percent occupied to tenants that include Sports Authority, PetSmart and Bed Bath & Beyond.

David Disney of Disney Investment Group represented Inland in the deal. The Retail Connection represented the seller partnership, which includes the Dallas-based retail real estate firm and Plano-based Granite Properties, in the deal.

Along with the Dallas-Fort Worth property, Inland Real Estate Income Trust also purchased a Florida Walmart Neighborhood Market-anchored shopping center that is 98 percent leased.

http://www.bizjournals.com/dallas/news/2014/04/17/inland-buys-large-mansfield-shopping-center-for.html

DIG Brokers Two Shopping Center Sales

Disney Investment Group has brokered the sale of two shopping center properties for nearly $35 million. Cross Timbers Village and Mansfield Pointe have both traded hands.

Cross Timbers Village in Flower Mound, TX, was purchased by an undisclosed private West-coast buyer. Locally-based Direct Development and Thackeray Partners divested of the property as a way to pare down its holdings. David Disney and Adam Crockett of DIG represented the seller and secured the buyer.  

The newly developed, 19,333-square-foot shopping center sits at the intersection of FM1171 and Bruton Orand Boulevard. Cross Timbers Village is 95% occupied with Tom Thumb as the property’s shadow anchor and other retailers such as Subway, Great Clips, Terry’s Donuts and RE/Max.

While the exact acquisition price was not disclosed and probably ranges around $6 million, Disney tells GlobeSt.com, “that pricing was pushing a 7% cap rate, which is exceptional pricing for this type of stabilized property.”

DIG also arranged the sale of Mansfield Pointe, which was purchased by Inland Real Estate Acquisitions Inc. Disney says, the property was sold by a group controlled by The Retail Connection and Granite Properties, for $28.4 million.

The 148,529-square-foot shopping center hosts tenants like SuperTarget, Home Depot, Bed Bath & Beyond, Petsmart and Verizon. Developed in 2008, the property sits on the southwest corner of Highway 287 and Debbie Lane. It is 97% occupied.

Disney brokered the sale, while Alan Shor and Chad Bradshaw of The Retail Connection and Paul Bennett of Granite Properties represented the seller, and Matthew Tice of Inland Real Estate Acquisitions represented the buyer.

DIG is no stranger to retail transactions of this sort. Earlier this year, it brokered the sale of the Target-anchored Park Avenue shopping center in Little Rock, AR. Dallas-based Strode Property Co. developed the asset and then sold it for $28.1 million. It was purchased by Inland Real Estate Acquisitions.

http://www.globest.com/news/12_859/dallas/retail/DIG-Brokers-Two-Shopping-Center-Sales-346001-1.html

 

D Real Estate Daily: The Year's Best Commercial Property Sale - Preston Oaks Finalist

D CEO magazine’s Commercial Real Estate Awards program for 2014 recognized 41 finalists in 12 categories. Here’s a look at those honored in the Best Commercial Property Sale category, including winner Thanksgiving Tower.

When Thanksgiving Tower hit the market, the 1.4 million-square-foot skyscraper at 1401 Elm Street attracted a lot of attention. About 100 different buyers expressed interest; more than 20 made written offers, says John Alvarado, who led the CBRE team that marketed the property. Woods Capital differentiated itself with a pitch that offered the buyer a lot of certainty—and a quick close. In fact, the time between contract and sealed deal was just 20 days.

Shortly thereafter, the big news got even better, with Santander Bank leasing 400,000 square feet in the building for its new headquarters. “The meaningful story is not just the sale itself, but what it means to downtown,” Alvarado says.

Woods Capital, led by Jonas Woods, is giving the 50-story skyscraper a complete infrastructure overhaul. It’s also revamping interiors and bringing in new amenities. “Thanksgiving Tower is a phenomenal building in a district that we think is really on the upswing, thanks to a lot of factors,” Woods says. “The city is supporting the renovation of old buildings and putting in necessary incentives behind them, and projects like Tim Headington’s conversion of The Joule are huge catalytic moves. We are a piece in what’s becoming a very interesting puzzle downtown.”

FINALISTS:

Bell Helicopter Military Program Center

When selling an aviation facility, the market can be a little thin. But Bell Helicopter found a perfect buyer in Tarrant County Community College, which bought Bell’s military program center at Alliance in Fort Worth. The school plans to transform it into a $20 million aviation, aerospace, and logistics learning facility. With projected growth in those industries in the coming years, TCC saw an opportunity to train the next generation of aerospace, aviation, and logistics professionals. To support the college and help it swing the deal, Bell agreed to a sale over three years without interest. JLL’s Todd Burnette and Matt Montague put the transaction together.

The Colonnade

Fortis Property Group expanded its stake in Dallas with the acquisition of The Colonnade a three-building, 1 million-square-foot office complex off the Dallas North Tollway in Addison. It was the largest single office trade of the year, and signified the emergence of the southern Tollway as an institutional market. A substantial percent of equity was provided by an offshore investor. The new owner is planning to make a number of upgrades to the complex in the coming months. Putting the deal together for Fortis Property’s Jonathan Landau were the HFF team of Andrew Levy, Elizabeth Malone, Todd Savage, Jim Curtin, and Wally Reid.

Northfield Portfolio

The Northfield Portfolio sale stands out because it set low-cap-rate and pricing records for properties of its kind in the region. The package consisted of eight buildings totaling 800,000 square feet near Dallas-Fort Worth International Airport. EastGroup Properties came in with the winning bid; Prologis was the seller. Putting the deal together was a CBRE team led by Jack Fraker. They were able to show projected rent growth for the submarkets and push investor pricing thresholds to levels not previously achieved.

Preston Oaks

Broker David Disney specializes in off-market transactions, and a deal he put together in 2013 was exactly that. Formerly with UCR, David represented Regency Centers in its acquisition of Preston Oaks. It’s located at the southeast corner of Preston Road and Royal Lane in Dallas, one of the most desirable trade areas in the market. Trademark Property had purchased and redeveloped the complex back in 1991. In 2012, Central Market came in to take over a former Borders Books store. That same year, Regency had tried to buy the nearby Preston Royal Village, but lost out on the deal—after spending a year trying to make it work. Winning Preston Oaks more than made up for it.

http://realestate.dmagazine.com/2014/03/the-years-best-commercial-property-sale-thanksgiving-tower/

Inland REIT acquires Park Avenue Center in Little Rock, Ark.

Inland Real Estate Income Trust has acquired the 69,381-sq.-ft. Park Avenue Shopping Center in Little Rock, Ark., for $28.12 million. IREIT Business Manager & Advisor assisted Inland Real Estate Acquisitions in the transaction. Disney Investment Group represented the seller, SPC Park Avenue Limited Partnership and SPC Condo Limited Partnership. Both are affiliates of Strode Property Co.

Well situated at a major intersection, Park Avenue Shopping Center is about five miles west of downtown Little Rock and directly across the street from a major area hospital. The property consists of three single-tenant buildings, three multi-tenant buildings and a two-level parking structure. The center also has the right to expand one of the three buildings by up to 9,500 sq. ft., which would increase the retail space to over 78,000 sq. ft.

Park Avenue Shopping Center is 95% leased. Tenants include Staples, Cheddar’s Casual Café, Newk’s Eatery, Panera Bread, Verizon Wireless and Mattress Firm. The property is shadow-anchored by a Target “P Fresh” store, Target’s new and successful grocery-focused store format, and an LA Fitness, neither of which was acquired.

http://www.chainstoreage.com/article/inland-reit-acquires-park-avenue-center-little-rock-ark

Disney Investment Represented Seller of Arkansas Retail Center

The Disney Investment Group represented the Strode Property Co. of Dallas in its recent $23.4 million, or $336.84/sf, sale of Park Avenue, a 69,381-square-foot shopping center in Little Rock, Ark., to Inland Real Estate Income Trust Inc.

The property is 95.1 percent leased to tenants that include Panera Bread, Verizon Wireless, Radio Shack and Newk's Eatery. It generates $1.5 million of annualized base rent, according to a regulatory filing. The price paid by Inland, an Oak Brook, Ill., REIT whose shares do not trade on any exchange, results in a capitalization rate of 7.83 percent.

The price Inland paid includes a right to expand one of the property's three buildings by up to 9,500 sf. But the company might end up paying an additional $4.75 million, bringing the property's total purchase price to $28.12 million.

http://www.crenews.com/general_news/general/disney-investment-represented-seller-of-arkansas-retail-center.html

Inland Pays $30M for Wedgewood Commons

Inland Real Estate Income Trust, an Illinois-based REIT, acquired the Wedgewood Commons, a new retail center shadow-anchored by Target, for $30.5 million, or about $193 per square foot, from StoneCrest Investments GP, the property and asset management affiliate for the center's developer.

The power center at 5030-5218 Goodman Rd. in Olive Branch, MS totals 158,345 square feet and was completed in 2013. StoneCrest will continue to develop further expansions for the shopping center. The asset has been fully leased, with tenants including Ross, Rack Room Shoes, GNC, TJ Maxx, and Michaels. The buyer did not purchase the Target and have no plans to acquire it in the future. 

David Disney of the Disney Group represented the seller in the deal.  

Please see CoStar COMPS #2920842 for more information on this transaction.

http://www.costar.com/News/Article/Inland-Pays-$30M-for-Wedgewood-Commons/155869

Part of Wedgewood Commons Sold for $33.9M

A real estate investment trust has purchased part of the Wedgewood Commons Shopping Center in Olive Branch for $33.9 million, according to a news report.

Inland Real Estate Income Trust paid $212.86 per square foot for five buildings with 159,258 square feet of combined space near the Goodman and Pleasant Hill Road intersection, according to the Commercial Appeal.

The 329,097-square-foot Wedgewood Commons, which is Memphis' 18th largest shopping center, may foreshadow more investments by Inland in the Memphis market, the report said.

Some of the largest tenants in the part of the shopping center that was sold include TJ Maxx, HomeGoods and Michaels, according to the report. The Target "P Fresh" store wasn't part of the deal.

David Disney of Dallas-based The Disney Group represented the seller, StoneCrest Investments LLC.

http://www.bizjournals.com/memphis/news/2014/01/03/wedgewood-commons-inland-reit-olive.html

The Deal Sheet: Behind the Deal - Preston Oaks

Preston Hollow is ground zero for retailers catering to high-income households, so when Regency Centers missed out on its chance to nab Preston Royal Village last year, the REIT set its sites on Trademark Property's Preston Oaks Shopping Center, says Regency acquisitions and dispositions VP Stuart Brackenridge.

Stuart tells us the Preston/Royal intersection has been on Regency's radar for a while. Regency already owns the Tom Thumb-anchored shopping center at Preston and Forest and approached Trademark's Terry Montesi about buying the 103k SF center off-market. That's how they approach most deals in this market, Stuart says. "We can't wait for them to come to the market. We've got to identify the markets and go in," he says. The deal, whose sales price wasn't disclosed, was brokered by David Disney.

Anchored by a 30k SF H-E-B Central Market, the shopping center is 95% occupied with stores like Gap, Pier 1, and White House Black Market. Stuart says there are three vacant spaces, which should be leased soon. This will be a long-term hold. There are other properties on Regency's radar, so Stuart says he'll be checking in on them from time to time. "We'll be there when it's time to strike," he says. Regency now owns 12 shopping centers in DFW.

https://www.bisnow.com/archives/newsletter/dallas-ft-worth/the-deal-sheet-behind-the-deal

High-Profile North Dallas Shopping Center on Preston Road has a New Owner

A prime North Dallas retail center anchored by the Central Market grocery store has changed hands.

Regency Centers Corp. has purchased the 103,503-square-foot Preston Oaks shopping center at the southeast corner of Preston Road and Royal Lane.

The shopping center was substantially redeveloped in 1991 and more recently remodeled for the new Central Market, which opened early last year.

Other major tenants include Gap, Pier 1 Imports and White House Black Market.

“The historically high occupancy rates and notable tenant sales performance made Preston Oaks a desirable addition,” Regency Centers’ Stuart Brackenridge said in a prepared statement.

Terms of the purchase were not disclosed. The center was sold by a company controlled by Fort Worth-based Trademark Property Co. David Disney brokered the sale.

Regency Centers owns 11 centers in the Dallas area with 809,000 square feet.

Late last year the two north corners of Preston and Royal were sold to Houston-based AmREIT for $62 million.

http://www.dallasnews.com/business/commercial-real-estate/headlines/20130531-high-profile-north-dallas-shopping-center-on-preston-road-has-a-new-owner1.ece

Regency Centers Buys Preston Oaks Center in Preston Hollow

Jacksonville, Fla.-based Regency Centers Corp. (NYSE: REG) has bought one of Preston Hollow's retail centers for an undisclosed sum in an off-market acquisition.

The Preston Oaks property, a 103,503-square-foot neighborhood center anchored by H-E-B Central Market, is at the southeast corner of Preston Road and Royal Lane in the affluent Dallas neighborhood.

The real estate investment trust purchased the shopping center because it was an infill location with market-leading anchors and population density, said Stuart Brackenridge, vice president of acquisitions and dispositions.

Brackenridge, along with David Disney, formerly of UCR Investment Sales, represented Regency Centers in the deal. The seller, a partnership controlled by Trademark Property Co., represented itself.

Trademark Property Co. purchased and redeveloped the shopping center in 1991. The center includes national retailers, such as Gap, Pier 1 Imports and White House Black Market.

http://www.bizjournals.com/dallas/news/2013/05/31/regency-centers-buys-preston-oaks.html

 

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