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Town Lane And Gillon Property Group Acquire Watters Creek Village In Allen Texas With Ares Real Estate Lender

Property Image
SOLD
TH
Drew Steffen

Texas

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Mixed-use460,000 SF
Sold 04/01/2026
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Property Image
SOLD

Town Lane And Gillon Property Group Acquire Watters Creek Village In Allen Texas With Ares Real Estate Lender

970 Garden Park Drive

See Similar Deals
Mixed-use460,000 SF
Sold 04/01/2026
TH
Drew Steffen
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:460,000 SF
Transaction Type:Sale

Watters Creek Village is a grocery-anchored mixed-use center located at 970 Garden Park Drive in Allen, Texas. The property encompasses 460,000 square feet and spans 46 acres, featuring approximately 360,000 square feet of retail space anchored by Market Street, along with around 100,000 square feet dedicated to boutique office space.

Summary of transaction details:

Tyler Henritze represents Town Lane, and Drew Steffen represents Gillon Property Group in the acquisition of Watters Creek Village. The deal was financed with debt from an Ares Real Estate fund, alongside plans to enhance signage, tenant mix, and community programming within the property.

Players

TH
Town Lane
Tyler Henritze
6 deals$92.3M volume
BUYER
Drew Steffen
Gillon Property Group
Drew Steffen
1 deal
BUYER
AE
Ares Real Estate
LENDER

Details

SOLD
IMAGE: Tyler Henritze & Drew Steffen DATE: 04/01/2026 ADDRESS: 970 Garden Park Drive MARKET: Allen ASSET TYPE: Mixed-use ~ SF: 460,000 ~ ACRES: 46 BUYER: Tyler Henritze - Town Lane; Drew Steffen - Gillon Property Group LENDER: Ares Real Estate NOTE: Town Lane and Gillon Property Group acquired Watters Creek Village, a 460,000 SF grocery-anchored mixed-use center in Allen, Texas, with debt financing from an Ares Real Estate fund. The 46-acre property includes ~360,000 SF of retail anchored by Market Street and ~100,000 SF of boutique office space, with plans to upgrade signage, tenant mix, and community programming.

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