Acquired in 2010, this 111,438 SF Target shadow anchored center is located adjacent to Ridgmar Mall in Fort Worth, Texas with convenient access to Interstate 30, and a diverse demographic base with both daytime and nighttime populations. The project was Class A new construction, delivered in 2008, and foreclosed in 2009 at 45 percent occupancy. The value-add play involved development and monetization of numerous outparcels, as well as lease-up of the inline space from 51 percent to 83 percent occupancy.
Westover Village
Retail | Realized
Fort Worth, TX
Asset Summary |
|
|---|---|
| Acquisition Date | Q3 2010 |
| Size | 111,438 SQ FT |
| Property Type | Retail |
| Deal Profile | Fund I, Acquisition |
| Investment Profile | Value-Add |
| Deal Source | On Market |
Photos
