GAINESVILLE, TEXAS — Fort-Worth, Texas-based limited partnership Woodcrest Alliance has purchased Gainesville Factory Shops for an undisclosed amount. The 319,653-square-foot outlet retail center is located at 432 Interstate 35N in Gainesville, near the Texas-Oklahoma border.
The property was built in 1993. It is tenanted by stores and outlet brands from Dress Barn, Gap Outlet, Rocky Mountain Chocolate Factory, Kasper, Oshkosh B'Gosh, Perfumania, Reebok, SAS, Sunglass Hut, Van Heusen, Rue 21, Zales Outlet and others.
Jon McDaniel of Woodcrest Real Estate represented Woodcrest Alliance in the purchase. The seller was a group of 11 lenders led by Business Partners LLC. The group was represented by Greg McDonald of The Weitzman Group.
— Coleman Wood