Newmark Arranges Sale Of 51,664 Square Foot Cornerstone Plaza In Southlake Texas

The property asset involved in this transaction is Cornerstone Plaza, a fully leased neighborhood retail center located at 2707-2727 East Southlake Boulevard in Southlake, TX. The center spans a total of 51,664 square feet and is anchored by Cook Children’s Medical Center, housing necessity-based tenants. The property attracted strong investor interest due to its stable, credit-backed cash flow and below-market rents, which are anticipated to provide future income growth potential.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Square Footage: 51,664
• Address: 2707-2727 East Southlake Boulevard
• Market: Southlake, TX
• Brokers: Conor Lalor, Kyle Minter, Justin Shepherd, James Sharpe V & Cole Frantz - Newmark

Newmark was responsible for arranging the sale, highlighting their involvement in the transaction of Cornerstone Plaza. The strong demand from investors can be attributed to the affluent demographics surrounding the property, ensuring its attractiveness for future investment opportunities.