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| Renaissance Square Shopping Center, Fort Worth, TX |
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| Eric Wohl |
FORT WORTH, TX - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl and Associate Andrew Cunningham, CCIM, represented the buyer, Albanese Cormier Holdings, a national commercial real estate investment company based in Beaumont, Texas, in the purchase of Renaissance Square, a Class A regional shopping center in Fort Worth, Texas.
Built in 2014 on 20.67 acres, the 105,605-square-foot shopping center is located at 2700 Renaissance Drive in Fort Worth and is shadow anchored by a recently developed Walmart Supercenter.
The property, which was 98.5-percent
occupied at the time of the purchase, is anchored by Ross Dress for Less,
Marshalls, Shoe Carnival, It’s Fashion, Dollar Tree and Hibbett Sports.
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| Andrew Cunningham |
The purchase also included an outparcel
featuring Wingstop, Pizza Hut, Metro PCS and Legacy Texas Bank. Jeffrey
Jackson, a senior associate with CBRE in Houston, represented the seller,
Moriah Real Estate Company of Midland, Texas.
“Renaissance Square shopping center was an ideal fit for Albanese Cormier Holdings’ portfolio of quality assets,” said Wohl. “It is a premier shopping center within the community and offers an excellent array of value-oriented tenants with strong upside potential through the development of excess land.”
Wohl adds, “Fort Worth is a highly sought-after submarket with growth projections outpacing many other US markets. There are several new commercial developments in the immediate area and a strong pipeline of residential growth.
“Renaissance Square shopping center was an ideal fit for Albanese Cormier Holdings’ portfolio of quality assets,” said Wohl. “It is a premier shopping center within the community and offers an excellent array of value-oriented tenants with strong upside potential through the development of excess land.”
Wohl adds, “Fort Worth is a highly sought-after submarket with growth projections outpacing many other US markets. There are several new commercial developments in the immediate area and a strong pipeline of residential growth.
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| Jeffrey Jackson |
Albanese Cormier Holdings is a national commercial real estate investment company based in Beaumont, Texas currently holding roughly 5 million square feet of 78 strategically placed assets throughout 22 states. For more information about our company or on any other property within the ACH portfolio, please visit www.ach-us.com or contact the main office at (409) 892-0200.
For more information, please contact:
Anne Monaghan
MONAGHAN COMMUNICATIONS, INC.
anne@MonaghanPR.com
830.997.0963
www.hanleyinvestment.com.
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