CBRE Negotiates Sale of 885,000 SF Retail Portfolio in Metro Dallas, Houston


McKinney Towne Crossing in metro Dallas is one of three shopping centers in the sold portfolio.

MCKINNEY, MISSOURI CITY AND LEAGUE CITY, TEXAS — CBRE has negotiated the sale of a three-property retail portfolio located on the outskirts of Dallas and Houston. Combined, McKinney Towne Crossing in metro Dallas, and Riverstone Shopping Center and Victory Lakes Town Center in metro Houston, feature more than 885,000 square feet of Class A retail space. Chris Gerard, Mark Witcher and Blaine Dozier of CBRE represented the seller, Chicago-based InvenTrust Properties, in the transaction. Houston-based Fidelis Realty Partners purchased the assets for an undisclosed price. The portfolio was 94 percent leased at the time of sale.

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