HFF Helps Close on Eldorado Market Place; CBRE Capital Markets Brokers Sale of Hondo Park Apartments
- Oct 09, 2014
HFF represented WD Eldorado & Tollway LP in the sale of Eldorado Market Place, a 162,331-square-foot retail center in Frisco. The asset was acquired by an entity belonging to Fidelis Realty Partners. The transaction included about 24 acres of undeveloped land.
Located at the northwest corner of Eldorado Parkway and the Dallas North Tollway in Frisco, the asset has easy access to downtown Dallas. The retail center was developed in 2008 and at acquisition had a 99 percent occupancy rate. Tenants include Market Street, PetSmart, Raising Cane’s, RE/MAX, The UPS Store, Jersey Mike’s, AT&T and Dynamic Fitness.
WD Eldorado & Tollway LP is an affiliate of Duggan Realty Advisors LLC and Waitt Investments.
In other real estate news, CBRE Capital Markets’ multifamily team announced the sale of Hondo Park Apartments. CBRE represented the seller, California-based Jennings Revocable Trust UTD. The buyer was Texas-based Fourth Score. The 68-unit multifamily asset is located west of the Dallas North Tollway, north of downtown Dallas.
“As Uptown is redeveloped and built out, apartment owners and developers are seeing opportunities to connect Uptown to the Hospital District on Harry Hines. For the long term, we will continue to see owners improving and updating older apartments, as well as developing new ones in that area,” said Chris Deuillet, First Vice President with CBRE.
Image Courtesy of CBRE