An 80,000-square-foot shopping center near Mockingbird and US 75 has new ownership. Corsair Property Co. has sold Mockingbird Central Plaza in a deal transacted by Disney Investment Group (DIG).  

Corsair, led by Founder and Managing Partner Will Wilson, had quietly acquired the site from previous ownership in 2021. The owner did some cosmetic work, but focused on the rent roll and tenancy. The result, according to DIG Principal David Disney, was a significantly improved net operating income. Disney and DIG Vice President Adam Crockett represented the seller in the deal and procured the buyer, Curbline Properties.    

“Curbline was looking for a larger single asset for their portfolio where they could really get a good stake in the ground in DFW and grow around it,” Disney told D CEO. “I think they have two existing assets right now, but this one, due to its size, really is going to help them build out around DFW, similar to how they’ve done so far in the Houston market.” 

Curbline Properties became a publicly traded company in October. The New York-based company, whose portfolio spans the country, focuses on convenience retail properties. 

Disney is no stranger to the sales of similar asset types. He was directly involved in the 2009 sale of Highland Park Village as a consultant and managed the 2004 sale of Southlake Towne Square. 

When Disney looked at the Mockingbird site, he saw an owner with the potential to become a seller. “And sure enough, I approached Will (Wilson) at the beginning of this year and asked him if there was a scenario where he might consider selling,” Disney said. “And at the end of the day, it’s really all about pricing and execution. And I was able to, I guess, convince him that we had the right buyer that would get him the best pricing that the market can bear and certainly could execute.”

The site is 98 percent leased—its 22 tenants include Jason’s Deli, Mattress Firm, and Uptown Cheapskate. There are plans for a Chipotle to open on-site in 2026. 

The transaction is a sentimental one for Disney, who remembers when the center opened during his freshman year at nearby SMU. “I think that the current ownership now believes they can really take the NOI to the next level during their hold period,” he said. “And they’re a long-term holder. So there’s a good chance they’ll own this thing 10-plus years.”