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| Doug Hazelbaker |
DALLAS, TX – HFF announced today that it has closed the sale
of Eldorado Market Place, a 162,331-square-foot grocery-anchored retail
center in the north Dallas suburb of Frisco, Texas.
HFF marketed the property on behalf of the
seller, WD Eldorado & Tollway, LP, an affiliate of Duggan Realty Advisors,
LLC and Waitt Investments. An affiliate
of Fidelis Realty Partners, Ltd purchased the asset for an undisclosed amount
free and clear of existing debt.
Eldorado Market Place is located at the northwest corner of the Eldorado
Parkway and the Dallas North Tollway in Frisco, which Forbes recently named one
of the “Top 25 Places to Relocate” in 2013.
The property’s Dallas North Tollway location offers
immediate access to the center, which is approximately 30 miles from downtown
Dallas.
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| Ryan Shore |
Built in 2008, Eldorado Market Place is 99 percent leased to
35 tenants, including Market Street, PetSmart, Raising Cane’s, RE/MAX, The UPS
Store, Jersey Mike’s, AT&T and Dynamic Fitness. The sale also included approximately 24 acres of land for future
development.
The
HFF investment sales team representing the seller was led by senior managing
director Doug Hazelbaker and managing director Ryan Shore.
According to HFF, the center offered excellent value
enhancement potential with the phase two land component, and this offering
aligned with Fidelis’ acquisition strategy.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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