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| Plano Market Street 1901--1941 Preston Road, Plano, TX |
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| Doug Hazelbaker |
DALLAS, TX – – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Plano Market Street, a
169,624-square-foot grocery-anchored shopping center in the Dallas-Fort Worth
community of Plano, Texas.
HFF marketed the property
on behalf of Lionstone Investments.
Phillips Edison Grocery Center REIT II, Inc. purchased the offering for
an undisclosed amount. In 2013, HFF
brokered the sale of this property to the seller.
The 94.2-percent-leased
Plano Market Street is anchored by Market Street. The center is home to a mix of national,
regional and local tenants including Zoë’s Kitchen, World of Beer, Toni &
Guy Academy, Café Izmir and Hyena’s Comedy Club. Plano
Market Street is situated
on 17.74 acres at 1901-1941 Preston Road in Plano, the fourth largest city in
the Dallas-Fort Worth metropolitan area.
Located at the southwest corner of Preston Road and Park Boulevard, the
property is proximate to residential and community developments and seen from
more than 676,000 vehicles per week.
The HFF team representing
the seller was led by senior managing director Doug Hazelbaker and managing director Ryan Shore.
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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