Dallas, Texas – Disney Investment Group (DIG) is pleased to announce it has brokered the sale of Towne Crossing, a 167,957-square-foot Kroger-anchored shopping center located in Mesquite, Texas, within the Dallas/Fort Worth MSA. Developed in 1985, Towne Crossing is 92% leased and features thirty (31) existing tenants including Kroger, WSS, Citi Trends, CSL Plasma, Kids Empire, LaundroLab and Hertz among others. Kroger has operated at Towne Crossing since the center’s opening and recently executed an early, long term lease extension.

David Disney and Adam Crockett of DIG exclusively represented the seller, PECO, and procured the buyer, Newport Capital Partners.

About PECO

Phillips Edison & Company is a publicly traded REIT and one of the nation’s largest owners and operators of grocery-anchored neighborhood shopping centers, with a focus on necessity-based retail properties throughout the United States.

About Newport Capital Partners

Newport Capital Partners is a Chicago-based retail real estate investment manager and operator specializing in the acquisition and management of grocery-anchored and necessity-based neighborhood shopping centers across the United States.

About Disney Investment Group

Disney Investment Group (DIG) is a Dallas-based boutique capital markets firm that has sold more than $3.2 billion of retail properties including $2.1 billion of transaction volume since 2012. For more information on DIG, please visit disneyig.com.