Monday, October 6, 2014

HFF closes sale of Eldorado Market Place in Frisco, TX

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. 

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 |

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