Superior-profile Addison procuring heart heads to current market

A single of the northern Dallas suburbs’ most significant searching 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 Road in Addison.

The more than 343,000-square-foot retail middle consists of eight properties and is anchored by a Full Foods Market place grocery retailer and an AMC Theater.

Since 2015, the landmark browsing village has been owned by UBS Realty, the similar trader that owns the nearby Galleria procuring shopping mall.

Now professional residence business JLL has been hired to sector Village on the Parkway for sale. The order features 5 acres for supplemental development.

“The dynamic locale, transaction dimension and capability to build on the property’s by now potent fundamentals present a scarce financial investment option,” JLL says in its marketing and advertising pitch for the house.

Village on the Parkway got a $40 million renovation in 2014, the project’s biggest makeover considering the fact that it opened in 1981.

It is the next searching centre in Dallas’ northern suburbs to hit the market place just lately for sale. JLL is also hunting a consumer for the West Plano Village retail and office environment advancement on the Dallas North Tollway at Parker Road.

The two shopping facilities are the largest these North Texas retail properties to be available for sale given that the start out 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 Foodstuff Market place and AMC Theaters.(JLL )