July 24, 2024

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Substantial-profile Addison browsing center variations palms

Substantial-profile Addison browsing center variations palms

Substantial-profile Addison browsing center variations palms

Just one of the major searching centers in Dallas’ northern suburbs has improved palms.

The 32-acre Village on the Parkway retail center in Addison is on the southeast corner of Dallas North Tollway and Belt Line Street.

The a lot more than 343,000-square-foot searching advanced features 8 properties and is anchored by a Complete Meals Market grocery retail outlet and an AMC Theater.

Village on the Parkway underwent a $40 million renovation in 2014, the project’s largest makeover due to the fact it opened in 1981.

Considering the fact that 2015, the landmark browsing village has been owned by UBS Realty, the exact same trader that owns the nearby Galleria Dallas buying shopping mall.

Commercial assets organization JLL was employed earlier this year to sector the browsing centre. Now the home has offered to a nearby authentic estate expense partnership, county deed records show.

The procuring middle was obtained by VOP Associates LLC, a corporation affiliated with principals at Dallas-primarily based Lively Cyber, a cybersecurity, company organizing and information and analytics agency.

Phrases of the sale have been not disclosed. Wells Fargo Financial institution delivered financial loans on the residence, county data clearly show.

Village on the Parkway was built as a buying option to nearby malls. The significant-stop purchasing heart was patterned immediately after the landmark Highland Park Village and was originally anchored by a Sakowitz office shop.

Houston-based mostly Sakowitz closed the Addison shop in 1986. The department retailer making was demolished in 2014 to make way for the Whole Food items retailer on the corner.

Village on the Parkway is anchored by Whole Foods Market and AMC Theaters.
Village on the Parkway is anchored by Total Meals Industry and AMC Theaters.(JLL )