DIG Arranges $48 Million Sale of Three Shopping Centers in Texas
Dallas — Disney Investment Group (DIG) has arranged the sales of three shopping centers totaling 359,309 square feet in the Dallas and Houston metros.
The portfolio includes Vista Ridge Plaza and Shops at Vista Ridge in Lewisville, 25 miles northwest of Dallas, and Tomball Town Center in Tomball, located 22 miles northwest of Houston. The assets sold to private buyers for a combined $48 million. Kimco Realty sold Vista Ridge Plaza and Shops at Vista Ridge. Primary tenants at the properties include Bed Bath & Beyond, DSW, Pier 1 Imports, Burke’s Outlet, HomeZone Furniture and Half Price Books. InvestTrust Properties sold Tomball Town Center, which was 91 percent leased to 25 tenants at the time of sale. A Kroger Signature store shadow-anchors the building. David Disney and Adam Crockett of DIG represented both sellers in the transactions and procured the buyers.