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.
Location
Westover Village
Fort Worth, TX
Retail | Realized
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