Disney Investment Group Commercial Real Estate

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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.
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