October 28, 2016
Shopoff Realty Investments of Los Angeles acquired Hebron Heights, a 36,000-square-foot retail center in Carrollton, TX for approximately $8.1 million from Dallas-based seller Tabani Group. The retail property is anchored by Pet Supplies Plus, and is 100% leased to a mix of national, regional and local tenants.
Situated on 8.0 acres at 1012 W. Hebron Pkwy., the asset delivered in 2004. “Hebron Heights is in a great location surrounded by homes and is in close proximity to other major retailers with the potential to draw additional patrons to the shopping center,” said Shopoff Realty CEO William Shopoff. He added that 50% of the leases will expire in the next five years, providing a value-add opportunity through increased rents.
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