HFF and Leon Capital Group announce sale of Whole Foods-anchored shopping center in Dallas-Fort Worth
DALLAS, TX – April 3, 2018 – HFF and Leon Capital Group announce the sale of the Shops at MacArthur Hills, a 75,387-square-foot, Whole Foods-anchored neighborhood shopping center in the Dallas-Fort Worth-area master-planned community of Las Colinas.
The HFF team marketed the property on behalf of the seller, Leon Capital Group. Clarion Partners, LLC purchased the asset free and clear of existing debt for an undisclosed price.
Shops at MacArthur Hills is a newly constructed asset that is 100 percent leased to a mix of restaurant and service uses as well as anchored by 20-year Whole Foods lease. This Whole Foods location represents the first specialty grocer in Las Colinas and the only location within an 11-mile radius. In addition to Whole Foods, the three-building center is home to national and regional tenants, including Zoës Kitchen, Fidelity Investments, Sleep Number, The Joint, Blo Blow Dry Bar, Sprint, Modern Market, Pure Barre and Ideal Dental. Situated on 10 acres at the intersection of North MacArthur Boulevard and President George Bush Turnpike in Irving, Shops at MacArthur Hills is within the 12,000-acre Las Colinas upscale master-planned community, one of the fastest growing communities in the DFW Metroplex. The center is located at an infill corner with combined traffic counts of 165,000 vehicles per day and more than 17,000 surrounding daytime employees. More than 72,500 residents earning an average annual household income of $104,049 live within a three-mile radius of the property.
The HFF investment advisory team representing Leon Capital Group included managing director Ryan Shore, senior managing directors Barry Brown and Jim Batjer and director Aaron Johnson.
Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.
About Leon Capital Group
Leon Capital Group is an investment company with a focus on real estate. The company acquires, finances and develops assets across a diversified portfolio that yields attractive returns for its investors. With a focus on multi-family, retail and self-storage properties, Leon Capital Group has successfully overseen more than 300 investments, representing a total capitalization of more than $3 billion. Based in Dallas, the company has a vision of redefining real estate investing and transforming communities throughout the United States and around the globe. To learn more, visit LeonCapitalGroup.com.
About Clarion Partners, LLC
Clarion Partners, LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 35 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, D.C. With more than $43 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 300 domestic and international institutional investors. More information about the firm is available at clarionpartners.com.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.