Jul
30
Kroger-Anchored Shopping Center Trades in Dallas
ByA partnership of Foundry Commercial and Stockbridge acquired Northview Plaza in Dallas from MDT Properties. The new owners plan to upgrade the 116,000-square-foot community shopping center.
In an off-market transaction, MDT Properties sold Northview Plaza, a 116,000-square-foot Kroger-anchored community shopping center in Dallas. Foundry Commercial teamed up with Stockbridge to acquire the property, which was 86 percent leased at the time of sale.
HEAVY TRAFFIC
Located at 10675-10677 East Northeast Highway, close to Interstate 635, the shopping center sits on nearly 15.5 acres. Combined, traffic from Northwest Highway and Plano Road totals 52,000 cars per day. More than 120,000 residents with an average annual household income of $78,000 live within three miles of Northview Plaza, . The shopping center features multiple national and local retailers and restaurants, including Petco, Allstate Insurance and McDonald’s…
