DFW Retail Center Changes Hands

Hulen Pointe, a 139,921-square-foot retail center in Fort Worth, has sold for an unspecified amount. TriMarsh Properties sold the asset, according to Yardi Matrix, after more than a decade of ownership. Marcus & Millichap brokered the transaction.

Hulen Pointe was completed in 1985 on a nearly 10-acre site and was renovated in 2016. It’s anchored by Amped Fitness, AW Outlet and Dollar Tree; other tenants include 3D Smokehouse, Marco’s Pizza, Hulen Smiles, Dickey’s Barbecue Pit, Octapharma Plasma, K Glamor Wigs, Feng Cha, Maharajah Indian Restaurant and Jerusalem Market.

Nearby properties include AMC Theatres, Walgreens, Circle K and a medical office building. Hulen Pointe is also shadow-anchored by a Walmart Supercenter.

Philip Levy, executive managing director in Marcus & Millichap’s Dallas office, represented the seller and procured the buyer. He noted the value of the center’s location in Southwest Fort Worth’s established retail corridor, which includes the nearby Hulen Mall.

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Located at 6219 Oakmont Boulevard, the center is at the signalized intersection of Hulen Bend Boulevard and South Hulen Street. The property is served by a bus stop along Oakmont Boulevard and is located near Interstate 20.

Retail investment continues across DFW

Southwest Fort Worth is seeing retail rents growing by about 2.0 percent year-over-year, putting the submarket in the middle of the range for the Metroplex, according to a third-quarter report from Matthews. The submarket is in similar standing for construction activity.

In late July, EDENS acquired Village at Camp Bowie, a 179,376-square-foot retail center in Fort Worth, from Dunhill Partners. JLL Capital Markets brokered the deal. The center is anchored by a Sprouts Farmers Market.

Last month, Younger Partners expanded in the Dallas-Fort Worth Metro with its acquisition of Crossroads at Terrell, a 260,876-square-foot power center in Terrell from RealtyLink.