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Dallas Investor Sells New Whole Foods-Anchored Center to New York Group

Leon Capital Group Completes Sale of Shops at MacArthur Hills in Las Colinas to Clarion Partners
April 3, 2018
Shortly after completing the development of the Shops at MacArthur Hills near the high-profile intersection of the President George Bush Tpke. and MacArthur Blvd. in Las Colinas, Dallas-based Leon Capital Group sold the center to New York-based Clarion Partners for an undisclosed amount.

A U.S. real estate investment manager, Clarion acquired the 75,387-square-foot, Whole Foods-anchored shopping center at 6671 N. MacArthur Blvd. in clear of existing debt.

HFF’s Ryan Shore, Barry Brown, Jim Batjer and Aaron Johnson marketed the property on behalf of Leon Capital Group.

At the time of the closing, the Shops at MacArthur Hills was 100 percent leased to a tenant roster headlined by Whole Foods, which agreed to a 20-year lease in 2016 to anchor the neighborhood shopping center. This is the only Whole Foods located in an 11-mile radius of the property.

Other tenants include Zoes Kitchen, Fidelity Investments, The Joint, Sleep Number, Sprint, Blo Blow Dry Bar, Modern Market, Ideal Dental and Pure Barre.

The 10-acre shopping center is located in Las Colinas, an upscale master-planned community in Irving, TX.

For more information on this sale, please see CoStar Comp #4168753.

Candace Carlisle, Dallas-Fort Worth Reporter  CoStar Group   
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