{"id":1004221434,"date":"2018-04-24T04:34:38","date_gmt":"2018-04-24T12:34:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004221434"},"modified":"2022-12-08T20:19:35","modified_gmt":"2022-12-09T04:19:35","slug":"albertsons-trades-2-north-tx-retail-properties","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/albertsons-trades-2-north-tx-retail-properties\/","title":{"rendered":"Albertsons Trades 2 North TX Retail Properties"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004221440\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/150-E.-Farm-to-Market-Road-544-in-Murphy-Texas.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004221440\" data-attachment-id=\"1004221440\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/albertsons-trades-2-north-tx-retail-properties\/150-e-farm-to-market-road-544-in-murphy-texas\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/150-E.-Farm-to-Market-Road-544-in-Murphy-Texas.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"150 E. Farm to Market Road 544 in Murphy, Texas\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;150 E. Farm to Market Road 544 in Murphy, Texas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/150-E.-Farm-to-Market-Road-544-in-Murphy-Texas.jpg?w=800\" class=\"wp-image-1004221440 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/150-E.-Farm-to-Market-Road-544-in-Murphy-Texas.jpg\" alt=\"150 E. Farm to Market Road 544 in Murphy, Texas\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/150-E.-Farm-to-Market-Road-544-in-Murphy-Texas.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/150-E.-Farm-to-Market-Road-544-in-Murphy-Texas.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/150-E.-Farm-to-Market-Road-544-in-Murphy-Texas.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004221440\" class=\"wp-caption-text\">150 E. Farm to Market Road 544 in Murphy, Texas<\/p><\/div>\n<p>Albertsons has sold two of its former <a href=\"https:\/\/www.commercialsearch.com\/news\/leon-capital-offloads-dfw-retail-asset\/\">grocery stores in North Texas<\/a> to 356 Development. The properties, totaling 123,737 square feet of retail space, shut their doors last year. Venture Commercial acted on behalf of the seller in the transaction. Previously, 356 Development acquired a different Albertsons property in Frisco, Texas, which it transformed into a church.<\/p>\n<p><em>\u201cOver the past 12 years, Venture has represented Albertsons in the disposition of its North Texas stores,\u201d<\/em> said John Zikos, principal &amp; managing partner at Venture, in a prepared statement. <em>\u201cThroughout this time, we have worked to find the right buyers and tenants that will result in providing needed services to the local communities.\u201d<\/em><\/p>\n<h2>Closed stores, new opportunities<\/h2>\n<p>The first building, located at 150 E. Farm to Market Road 544 in Murphy, sits within six miles of U.S. Highway 75 in Plano, enabling accessibility throughout the Dallas area. The structure is part of the Shops at Murphy and is near a wide variety of shopping and dining options, including Walmart, Lowe\u2019s Home Improvement, Chick-fil-A and Domino\u2019s Pizza.<\/p>\n<p>The second asset in the transaction is in the busy Denton Highway retail corridor in Watauga, at 8428 Denton Highway. Part of the Shops of Watauga, the building has remained vacant following Albertsons\u2019 closure in 2017. The property is within 13 miles of downtown Fort Worth and near shopping options such as Target, Dollar Tree and The Home Depot.<\/p>\n<p>John Zikos and Charlotte Cooper were part of the Venture Commercial team that represented the seller in this deal.<\/p>\n<p><em>Image courtesy of Venture Commercial Real Estate<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dallas-based 356 Development purchased the assets, which include nearly 125,000 square feet combined. Venture Commercial represented the seller in this transaction. <\/p>\n","protected":false},"author":861,"featured_media":1004221440,"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],"tags":[36715],"class_list":["post-1004221434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-investment","category-latest","category-retail","tag-albertsons-companies-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Albertsons Trades 2 North TX Retail Properties - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/albertsons-trades-2-north-tx-retail-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Albertsons Trades 2 North TX Retail Properties\" \/>\n<meta property=\"og:description\" content=\"Dallas-based 356 Development purchased the assets, which include nearly 125,000 square feet combined. Venture Commercial represented the seller in this transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/albertsons-trades-2-north-tx-retail-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-24T12:34:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:19:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/150-E.-Farm-to-Market-Road-544-in-Murphy-Texas.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/albertsons-trades-2-north-tx-retail-properties\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/albertsons-trades-2-north-tx-retail-properties\\\/\"},\"author\":{\"name\":\"Jeff Hamann\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\"},\"headline\":\"Albertsons Trades 2 North TX Retail Properties\",\"datePublished\":\"2018-04-24T12:34:38+00:00\",\"dateModified\":\"2022-12-09T04:19:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/albertsons-trades-2-north-tx-retail-properties\\\/\"},\"wordCount\":276,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/albertsons-trades-2-north-tx-retail-properties\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/04\\\/150-E.-Farm-to-Market-Road-544-in-Murphy-Texas.jpg\",\"keywords\":[\"Albertsons Companies Inc.\"],\"articleSection\":[\"Dallas\",\"Deals\",\"Investment\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/albertsons-trades-2-north-tx-retail-properties\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/albertsons-trades-2-north-tx-retail-properties\\\/\",\"name\":\"Albertsons Trades 2 North TX Retail Properties - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/albertsons-trades-2-north-tx-retail-properties\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/albertsons-trades-2-north-tx-retail-properties\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/04\\\/150-E.-Farm-to-Market-Road-544-in-Murphy-Texas.jpg\",\"datePublished\":\"2018-04-24T12:34:38+00:00\",\"dateModified\":\"2022-12-09T04:19:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/albertsons-trades-2-north-tx-retail-properties\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/albertsons-trades-2-north-tx-retail-properties\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/albertsons-trades-2-north-tx-retail-properties\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/04\\\/150-E.-Farm-to-Market-Road-544-in-Murphy-Texas.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/04\\\/150-E.-Farm-to-Market-Road-544-in-Murphy-Texas.jpg\",\"width\":800,\"height\":620,\"caption\":\"150 E. 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