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:
- 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.
- 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.
- 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.
- 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).