February 7, 2017
Vestar acquired the 43,134-square-foot Twin Creeks Marketplace from the developer, StreetLevel Investments. The asset, which delivered last year, is at 1265 W. Exchange Pkwy. in Allen, TX.
The center is leased to several national and regional retailers, including Sprouts Farmers Market, Verizon, Starbucks, Advancial Credit Union, Luxe Nails, Studio Smiles and ATI Physical Therapy. Brandon Beeson from EDGE Capital Markets represented the seller in the transaction. The sales price was undisclosed.
“Allen is one of the fastest growing cities in the Dallas-Fort Worth Metroplex, with an affluent and highly educated population,” said Clint Marchuk, Vestar vice president of acquisitions. “Vestar is excited to add this newly developed property to its high-quality portfolio, and is seeking to acquire additional grocery-anchored shopping centers.”
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