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Westover Village Shopping Center

Acquired in 2010, this 111,438 SF Target shadow anchored center is located adjacent to Ridgmar Mall in Fort Worth, Texas with convenient access to Interstate 30, and a diverse demographic base with both daytime and nighttime populations. The project was Class A new construction, delivered in 2008, and foreclosed in 2009 at 45 percent occupancy. The value-add play involved development and monetization of numerous outparcels, as well as lease-up of the inline space from 51 percent to 83 percent occupancy.

Location

Westover Village

Fort Worth, TX

Retail | Realized

Asset Summary

Acquisition Date:
Q3 2010
Size:
111,438 SQ FT
Property Type:
Retail
Deal Profile:
Fund I, Acquisition
Investment Profile:
Value-Add
Deal Source:
On Market