Village Square in the Mid-Cities, North Richland Hills, TX

January 16, 2019 Comments Off on Village Square in the Mid-Cities Changes Hands Views: 2075 Dallas-Fort Worth, Texas News

Village Square in the Mid-Cities Changes Hands

LFT Properties Inc. acquired Village Square in the Mid-Cities, a 16,798-square-foot retail center in North Richland Hills, TX. Village Square Property LLC sold the 56%-leased center at 6400 Rufe Snow Dr.

Erik Blais with Bradford Companies represented the buyer in the off-market transaction. The new owner is planning to invest $200,000 in renovations, including an upgrade to the center’s early-80s façade, and landscape and exterior lighting improvements.

During the due diligence period, three tenants renewed and extended their leases. “That was the dealmaker,” Blais said. “My client liked the asset and location, but was hesitating because of upcoming vacancies and month-to-month leases.” Great Cuts, Pure Relaxation and NRH Martial Arts renewed their leases.

The seller was represented by Max Tsai of Agape Commercial Real Estate. Hunter Hayes of NAI Robert Lynn has the leasing assignment.

Connect Houston is taking place in February 2019. For more information — or to attend — click here.

Connect with Bradford’s Blais

Connect with Agape Commercial’s Tsai

Connect with NAI Robert Lynn’s Hayes

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Tags: ,

Comments are closed.

Send this to a friend