DIG SELLS 3 SHOPPING CENTERS IN TEXAS FOR $48 MILLION
DALLAS, Texas (June 28, 2018) – Disney Investment Group (DIG) announced today it has brokered the sale of three shopping centers totaling 359,309 square feet in the Dallas/Ft. Worth and Houston markets.
Kimco Realty was the seller of Vista Ridge Plaza and Shops at Vista Ridge located in Lewisville, TX with the centers having a combined GLA of 292,052 square feet and 80% leased. Primary tenants include Bed Bath and Beyond, DSW, Pier 1 Imports, Burke’s Outlet, HomeZone Furniture and Half Price Books.
InvenTrust Properties was the seller of Tomball Town Center, a 67,244 square foot center shadow-anchored by a Kroger Signature store and located in Tomball, Texas. Tomball Town Center was 91% leased with 25 tenants occupying the shopping center at closing.
David Disney and Adam Crockett of DIG represented both sellers and procured the private buyers for each asset.
About Kimco Realty Corp.
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of March 31, 2018, the company owned interests in 475 U.S. shopping centers comprising 81 million square feet of leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for 60 years.
About InvenTrust Properties Corp.
InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring grocery-anchored open-air centers in key growth markets with favorable demographics. InvenTrust became a self-managed REIT in 2014 and a GRESB member in 2018. As of March 31, 2018, the company is an owner and manager of 81 retail properties, representing 14.2 million square feet of retail 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 $2.28 billion of retail properties including more than $1.1 billion of transaction volume since 2012. For more information on DIG, please visit disneyig.com.