{"id":1004217024,"date":"2018-04-05T07:38:03","date_gmt":"2018-04-05T15:38:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004217024"},"modified":"2022-12-08T17:10:13","modified_gmt":"2022-12-09T01:10:13","slug":"leon-capital-offloads-dfw-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/leon-capital-offloads-dfw-retail-asset\/","title":{"rendered":"Leon Capital Offloads DFW Retail Asset"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004217030\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/The-Shops-at-MacArthur-Hills-in-Irving-Texas.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004217030\" data-attachment-id=\"1004217030\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/leon-capital-offloads-dfw-retail-asset\/the-shops-at-macarthur-hills-in-irving-texas\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/The-Shops-at-MacArthur-Hills-in-Irving-Texas.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;7.1&quot;,&quot;credit&quot;:&quot;STAN WOLENSKI&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1506792692&quot;,&quot;copyright&quot;:&quot;\\u00a9 STAN WOLENSKI-All Rights Reserved&quot;,&quot;focal_length&quot;:&quot;40&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.0005&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"The Shops at MacArthur Hills in Irving, Texas\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Shops at MacArthur Hills in Irving, Texas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/The-Shops-at-MacArthur-Hills-in-Irving-Texas.jpg?w=800\" class=\"wp-image-1004217030 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/The-Shops-at-MacArthur-Hills-in-Irving-Texas.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/The-Shops-at-MacArthur-Hills-in-Irving-Texas.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/The-Shops-at-MacArthur-Hills-in-Irving-Texas.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/The-Shops-at-MacArthur-Hills-in-Irving-Texas.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004217030\" class=\"wp-caption-text\">The Shops at MacArthur Hills in Irving, Texas<\/p><\/div>\n<p>Leon Capital Group has sold the newly opened Shops at MacArthur Hills, a 75,387-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/jll-brokers-sale-of-former-mellow-mushroom-site\/\">retail asset in the Dallas area<\/a>, to Clarion Partners. The buyer acquired the property in the all-cash transaction. An HFF team led by Ryan Shore, Barry Brown and Jim Batjer represented Leon Capital in the sale.<\/p>\n<p>Located at 6731-6761 and 6911 N. MacArthur Blvd. in the planned community of Las Colinas in Irving, Texas, the property\u2019s three buildings sit on 7.6 acres alongside the President George Bush Turnpike, less than 20 miles from downtown Dallas. Exposed to traffic of an estimated 165,000 vehicles per day, the shopping center is across the street from the Medical City Las Colinas hospital and adjacent to Microsoft\u2019s Irving campus.<\/p>\n<p>The Shops at MacArthur Hills opened its doors in 2016. Leon Capital financed the development of the property with $26.3 million in construction financing held by Regions Bank, according to public records. The Whole Foods Market-anchored shopping center is 100 percent leased to a variety of regional and national tenants, including Fidelity Investments, Sleep Number, Sprint and Modern Market.<\/p>\n<p><em>Image courtesy of HFF<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Whole Foods Market-anchored shopping center comprises more than 75,000 square feet and is fully leased to a mix of national and regional tenants.<\/p>\n","protected":false},"author":861,"featured_media":1004217030,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21743,21783,21742,21749,37301],"tags":[38736,32790,32792,39669,33004],"class_list":["post-1004217024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-investment","category-latest","category-retail","category-uncategorized","tag-barry-brown","tag-clarion-partners","tag-hff","tag-leon-capital-group","tag-whole-foods-market"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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