Josh Kagan Of Newport Capital Partners Acquires 167,957 Square Foot Retail Center In Mesquite
3600 Gus Thomasson Road
Building Size
167,957 SF
Asset Type
Retail
Closing
Jul 9, 2026
AI
The asset involved in this transaction is a retail property located at 3600 Gus Thomasson Road in Mesquite, Texas. The shopping center encompasses a total area of 167,957 square feet and is prominently anchored by Kroger. At the time of sale, the property had a leasing rate of 92%, signaling a strong occupancy status in the market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 3600 Gus Thomasson Road
- Market: Mesquite, TX
- Asset Size: 167,957 SF
- Buyer: Josh Kagan - Newport Capital Partners
- Seller: Jeffrey S. Edison - Phillips Edison & Company
- Brokers: David Disney and Adam Crockett - Disney Investment Group
David Disney and Adam Crockett from Disney Investment Group successfully represented the seller, Phillips Edison & Company, while also procuring the buyer, Newport Capital Partners. The sale involved transferring ownership of the Kroger-anchored retail center, emphasizing the roles of the brokers in facilitating this transaction.
Players
Mesquite Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93