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ARLINGTON, TEXAS — NetCo Investments and Columbus Pacific Properties, both based in Santa Monica, Calif., have acquired Lincoln Court, a 158,266-square-foot shopping center in Arlington. The 74 percent leased property is anchored by LA Fitness. The joint venture plans to redevelop vacant portions of the shopping center, including a 31,739-square-foot former theater. The property is situated on 15.03 acres between Interstate 20 and U.S. Highway 287.