{"id":1004674871,"date":"2023-08-03T15:05:05","date_gmt":"2023-08-03T23:05:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004674871"},"modified":"2023-08-04T05:38:06","modified_gmt":"2023-08-04T13:38:06","slug":"cbre-acquires-425-ksf-retail-center-in-irving","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/","title":{"rendered":"CBRE IM Buys 425 KSF Retail Center Near Dallas"},"content":{"rendered":"
\"MacArthur<\/a>

CBRE Investment Management and EDENS have purchased MacArthur Park. Image courtesy of CBRE Investment Management<\/em><\/p><\/div>\n

CBRE Investment Management<\/strong> has purchased MacArthur Park, a 425,612-square-foot grocery-anchored retail center in Irving, Texas. CBRE IM acquired the asset on behalf of a client through a joint venture with EDENS<\/strong>.<\/p>\n

Completed in 1999, the neighborhood center encompasses six buildings on 47.6 acres and features electric vehicle charging stations and approximately 1,640 parking spaces.<\/p>\n

Anchored by Target, Kroger, Office Depot, TJ Maxx, Michaels, Ross and Ulta, MacArthur Park has a diverse mix of lessees, including medical office and restaurant tenants and grocery, beauty and fashion retailers. Other tenants at the property include Sephora, Victoria\u2019s Secret, Bath & Body Works, GameStop, Edohana Sushi, Home Goods, Hallmark and Las Colinas Urgent Care.<\/p>\n

The shopping center is located in the Las Colinas submarket at 7505 N. MacArthur Blvd. The property is near the intersection of Interstate 635 and the George Bush Turnpike, which provide easy access to the Dallas-Fort Worth metropolitan area. According to EDENS, the retail center serves a population of 214,115 within a 5-mile radius, with an average household income of $106,236.<\/p>\n

EDENS has recently secured a $90 million<\/a>, fixed-rate loan for two Class A retail properties totaling 394,108 square feet in Boston\u2019s northern suburbs. Last December, the company purchased three grocery-anchored shopping centers totaling more than 400,000 square feet for a total of $136.8 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

EDENS is a partner in this joint venture.<\/p>\n","protected":false},"author":3014,"featured_media":1004674874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21783,21742,21749,32781],"tags":[51764,32850],"class_list":["post-1004674871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-investment","category-latest","category-retail","category-southeast","tag-cbre-investment-management","tag-edens"],"acf":[],"yoast_head":"\nCBRE IM Buys 425 KSF Retail Center Near Dallas - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"CBRE Investment Management has purchased MacArthur Park, a 425,612-square-foot grocery-anchored retail center in Irving, Texas.\" \/>\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\/cbre-acquires-425-ksf-retail-center-in-irving\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE IM Buys 425 KSF Retail Center Near Dallas\" \/>\n<meta property=\"og:description\" content=\"CBRE Investment Management has purchased MacArthur Park, a 425,612-square-foot grocery-anchored retail center in Irving, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/\" \/>\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=\"2023-08-03T23:05:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-04T13:38:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/MacArthurPk7455-e1691051579488.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"712\" \/>\n\t<meta property=\"og:image:height\" content=\"534\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/\",\"name\":\"CBRE IM Buys 425 KSF Retail Center Near Dallas - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/MacArthurPk7455-e1691051579488.jpg\",\"datePublished\":\"2023-08-03T23:05:05+00:00\",\"dateModified\":\"2023-08-04T13:38:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"CBRE Investment Management has purchased MacArthur Park, a 425,612-square-foot grocery-anchored retail center in Irving, Texas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/MacArthurPk7455-e1691051579488.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/MacArthurPk7455-e1691051579488.jpg\",\"width\":712,\"height\":534,\"caption\":\"MacArthur Park. Image courtesy of CBRE Investment Management\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBRE IM Buys 425 KSF Retail Center Near Dallas\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\",\"name\":\"Diana Firtea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"caption\":\"Diana Firtea\"},\"description\":\"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBRE IM Buys 425 KSF Retail Center Near Dallas - Commercial Property Executive","description":"CBRE Investment Management has purchased MacArthur Park, a 425,612-square-foot grocery-anchored retail center in Irving, Texas.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/","og_locale":"en_US","og_type":"article","og_title":"CBRE IM Buys 425 KSF Retail Center Near Dallas","og_description":"CBRE Investment Management has purchased MacArthur Park, a 425,612-square-foot grocery-anchored retail center in Irving, Texas.","og_url":"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-08-03T23:05:05+00:00","article_modified_time":"2023-08-04T13:38:06+00:00","og_image":[{"width":712,"height":534,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/MacArthurPk7455-e1691051579488.jpg","type":"image\/jpeg"}],"author":"Diana Firtea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/","url":"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/","name":"CBRE IM Buys 425 KSF Retail Center Near Dallas - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/MacArthurPk7455-e1691051579488.jpg","datePublished":"2023-08-03T23:05:05+00:00","dateModified":"2023-08-04T13:38:06+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59"},"description":"CBRE Investment Management has purchased MacArthur Park, a 425,612-square-foot grocery-anchored retail center in Irving, Texas.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/MacArthurPk7455-e1691051579488.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/MacArthurPk7455-e1691051579488.jpg","width":712,"height":534,"caption":"MacArthur Park. Image courtesy of CBRE Investment Management"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-425-ksf-retail-center-in-irving\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"CBRE IM Buys 425 KSF Retail Center Near Dallas"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59","name":"Diana Firtea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","caption":"Diana Firtea"},"description":"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/MacArthurPk7455-e1691051579488.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004674871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3014"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004674871"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004674871\/revisions"}],"predecessor-version":[{"id":1004675213,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004674871\/revisions\/1004675213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004674874"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004674871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004674871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004674871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}