Custer-Plaza

Shop Cos. Arranges Sale of Retail Properties in Metro Dallas

by Haisten Willis

DALLAS — SHOP Cos. Investment Sales has arranged the sale of three retail properties in metro Dallas totaling 47,476 square feet. Tommy Tucker and Tim Axilrod of SHOP Cos. represented three different sellers in each transaction. The sales included: Custer Plaza, a 29,152-square-foot retail center located in Frisco. At the time of closing, the property was 100 percent leased to tenants including Texas Family Fitness, Subway, Rosatti’s, Asiana Biztro, Life Changing Chiropractic and Serene Dentistry. SHOP Cos. represented the seller, a Dallas-based limited partnership. SHOP Cos. also procured the buyer, a private investor from metro Dallas; Ridgeview Village, a 16,474-square-foot shopping center located in Allen on Watters Road off of its intersection with Highway 121. The property was 100 percent leased to tenants including The Brass Tap, The Cryo Center of Allen, Max Muscle, Nail Trends, Laser Beauty Medical Spa, Shaiwase Japanese Restaurant and S J Lee Taekwondo. SHOP Cos. represented the seller, a Texas limited liability company, and procured the unnamed buyer; Starbucks, a new-construction 1,850-square-foot restaurant as a pad to a new Kroger Marketplace in Granbury. Starbucks signed a 10-year lease and sits along the frontage of U.S. Hwy 377 and FM 4/Acton Highway.

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