High-profile Addison searching middle heads to market

George T. Taft

1 of the northern Dallas suburbs’ most important buying facilities is up for grabs.

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

The much more than 343,000-sq.-foot retail middle contains eight structures and is anchored by a Complete Food items Market grocery retailer and an AMC Theater.

Due to the fact 2015, the landmark searching village has been owned by UBS Realty, the exact same investor that owns the close by Galleria procuring shopping mall.

Now professional house company JLL has been hired to market Village on the Parkway for sale. The buy incorporates 5 acres for more design.

“The dynamic spot, transaction dimension and potential to make on the property’s previously robust fundamentals provide a unusual expense option,” JLL claims in its marketing pitch for the assets.

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

It is the 2nd browsing heart in Dallas’ northern suburbs to strike the current market recently for sale. JLL is also looking a consumer for the West Plano Village retail and place of work enhancement on the Dallas North Tollway at Parker Road.

The two browsing centers are the greatest such North Texas retail properties to be available for sale considering the fact that the start of the COVID-19 pandemic.

Village on the Parkway is anchored by Whole Foods Market and AMC Theaters.
Village on the Parkway is anchored by Full Food items Market and AMC Theaters.(JLL )
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