Sale of Dallas-Fort Worth-area power center closed by HFF
DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Robertson’s Creek, a 336,402-square-foot core power center in the Dallas-Fort Worth suburb of Flower Mound, Texas.
HFF arranged the sale of the property on behalf of the seller, a partnership between TFG Crown Partners, L.P. and Ball Ventures, LLC. Dunhill Partners purchased the asset for an undisclosed amount.
Completed in 2007, the 97-percent-leased Robertson’s Creek is home to anchors Belk, Hobby Lobby, Dick’s Sporting Goods, Old Navy and ULTA Beauty. The center’s in-line shop and outparcel pad tenants include Kirkland’s, Lane Bryant, UFC Gym, Pure Barre, Which Wich?, Red Robin, Verizon Wireless and Five Below. JCPenney shadow anchors the center. Situated on 39.05 acres at 5801-5861 Long Prairie Road, Robertson’s Creek is in the epicenter of Flower Mound, a rapidly-growing Dallas-Fort Worth suburb that was ranked No. 2 on CNN Money Magazine’s 2014 list of “Top Earnings Towns.” The affluent community is less than 30 miles northwest of downtown Dallas and less than 33 miles northeast of downtown Fort Worth.
The HFF investment sales team representing the seller was led by senior managing director Doug Hazelbaker and managing director Ryan Shore.
About TFG Crown Partners, L.P.
TFG Crown Partners, L.P. (TFG) is a Dallas, Texas-based entrepreneurial private real estate investment firm that specializes in retail acquisition and re-development. TFG’s success is indicative of the strength of relationships the firm has established with investors, retailers, developers and municipalities.
TFG was formed by Michael Starcher and James “Corky” Nix. Prior to the formation of TFG, Starcher and Nix purchased and managed deals within Clearview Investments, Ltd. and related entities. Their success has resulted in more than 6.9 million square feet of redeveloped retail centers. Visit www.tfgcrown.com for more information.
About Ball Ventures, LLC
Ball Ventures, LLC is a respected real estate investment, development and private equity company headquartered in Idaho Falls, Idaho, that currently owns more than 3.2 million square feet of property with more than 100 projects in 14 states. Holdings of the company include mixed-use developments, retail centers and hospitality properties. Visit www.ballventures.com for more information.
About Dunhill Partners
Dunhill Partners was founded in 1984 by William L. Hutchinson and is a commercial real estate investment firm that currently owns and manages more than five million square feet of retail commercial property. Dunhill specializes in the acquisition, leasing and management of commercial real estate. For more than 30 years, the firm has been dedicated to the fundamental principle of building value for its investors. With properties from Texas to Hawaii, Dunhill Partners is a true leader in commercial real estate ownership. Learn more at www.dunhillpartners.com.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.