The property involved in this transaction is the Sherman Commons retail power center, which encompasses 275,477 square feet and is located at 3903 North Hwy 75 in Sherman. The asset is situated 40 miles north of Dallas-Fort Worth and was 98% leased at the time of closing. Major tenants of the center include Kohl’s, Academy Sports + Outdoors, Five Below, Ulta Beauty, Office Depot, and PetSmart.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 3903 North Hwy 75
• Market: Sherman
• Square Footage: 275,477
• Buyer: Andy Crosland & Justin Grissen - Kobalt Investment Co.; Steve Lieberman - The Retail Connection
• Leasing Status: 98% leased at closing
• Anchors: Kohl’s, Academy Sports + Outdoors, Five Below, Ulta Beauty, Office Depot, PetSmart
• Additional Assets: Two vacant outparcels for future development

Andy Crosland and Justin Grissen, representing Kobalt Investment Co., along with Steve Lieberman from The Retail Connection, were the key individuals involved in this acquisition. Their collective expertise within the retail sector facilitated the purchase of the Sherman Commons, enhancing their portfolio with a significant retail power center and additional development opportunities.