UCR Investment Sales Closes on Three Properties Totaling 178,407 Square Feet
DALLAS, Texas, July 23, 2014 — UCR Investment Sales, a division of UCR, today announced the sale of three properties totaling 178,407 square feet, with a combined value of $36,625,500.
- Cross Pointe Center: 45,465 square foot retail center located at 1441 North Saginaw Boulevard in Saginaw, Texas. The center is 97% leased. It is shadow-anchored by Walmart and has complementary tenants including AT&T Wireless, RadioShack, Dollar Tree, GameStop, Sally Beauty Supply and Cici’s Pizza.
- Shops at Abilene: 62,511 square foot upscale community center at the southeast corner of Southwest Drive and Catclaw Drive in Abilene, Texas. The center is 100% leased to notable tenants, including Al’s Formal Wear, Bealls, David’s Bridal, The Children’s Place, James Avery and Complete Nutrition.
- Confidential Transaction: 98% leased specialty center located in Fort Worth, Texas (Alliance).
Adam Howells, Jace Hinderland and Jessica Donnelli marketed the assets for separate ownerships, and all closed within a two week period.