Two Mesquite shopping centers were sold in deals worth a combined $45 million.

Allen-based Blueprint Investment Properties purchased the 100% leased Broadmoor Plaza, while Chicago-based Newport Capital Partners purchased the Towne Crossing development.

County records showed Blueprint Investment Properties closed on Broadmoor Plaza on June 16. While no purchase priced was released, Dallas County records show the land and properties of the shopping center are valued at $6.7 million. Towne Crossing's land and property is valued at $16.3 million, and no financial information has been published for this deal.

David Disney of Disney Investment Group, who helped facilitate both deals, said Towne Crossing also closed in June and that both deals had a combined value of $45 million.

Broadmoor was sold by Dallas-based Dogwood Commercial, which owns several properties across Dallas-Fort Worth. Towne Crossing was previously owned by Cincinnati-based Phillips Edison & Co., a publicly traded real estate investment trust that is one of the largest owners and operators of grocery-anchored shopping centers.

The 86,302-square-foot Broadmoor Plaza recently underwent a renovation and is anchored by a Dollar Tree, Five Below, Hibbet Sports and various other regional and national tenants.

Towne Crossing, a 167,957-square-foot development, is anchored by a Kroger and 92% leased. The shopping center features 31 tenants including Hertz, Citi Trends and other regional tenants.

Disney and Adam Crockett of Disney Investment Group represented the sellers in both deals. Disney Investment Group is a Dallas-based capital markets firms that has sold more than $3.2 billion of retail properties since 2012.

The latest sales come as the DFW retail market experienced a substantial drop in net absorption during the first quarter, according to a report by Partners Real Estate. Net absorption, calculated as move-ins minus move-outs, turned negative in the quarter, recording -25,401 square feet.

The vacancy rate pushed to 5.4%, while a decrease in deliveries helped keep the vacancy rate increase to 20 basis points, according to the report. Leasing activity decreased 9.4% over the quarter, but remained healthy at 1.7 million square feet.

Meanwhile, the under-construction pipeline rose 4.1% on a quarter-over-quarter basis to 7 million square feet, with 75% pre-leased, according to Partners. Most of the construction underway is concentrated in Dallas' northern and southwestern submarkets, aligning with housing growth.