SOLD
Kite Realty Group Trust Acquires Prestonwood Place Shopping Center In Addison
5290 Belt Line Road
Retail
160,000 SF
160,000 SF
Sold 216 days ago
Summary
Sale
TEXAS
Retail
160,000 sqft
Kite Realty Group Trust has acquired the 160,000-square-foot Prestonwood Place shopping center located at 5290 Belt Line Road in Addison, Dallas. The retail complex, with over 94% occupancy and office spaces, was previously owned by a unit of Northwood Investors. The property is situated on 16 acres of land in the bustling market of Addison, Dallas.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 160,000
- Address: 5290 Belt Line Road
- Market: Addison, Dallas
The acquisition was brokered by JLL, with Barry Brown, Chris Gerard, Ryan Shore, Erin Lazarus, Matthew Barge, and Megan Babovec representing Kite Realty Group Trust in the deal. The seller, Northwood Investors, was represented by John Kukral. The transaction marks an important milestone for Kite Realty Group Trust in expanding its retail portfolio in the Addison area.
Players
All
7
Agents
6
Agencies
1
Details
SOLD
IMAGE: John Kite, John Kukral, Barry Brown, Chris Gerard, Ryan Shore, Erin Lazarus, Matthew Barge, & Megan Babovec
DATE: 09/28/2023
ADDRESS: 5290 Belt Line Road
MARKET: Addison, Dallas
ASSET TYPE: Retail ~ SF: 160,000 ~ ACRES: 16
BUYER: Kite Realty Group (@KiteRealtyGroup) - John Kite
SELLER: Northwood Investors - John Kukral
BROKERS: Barry Brown, Chris Gerard, Ryan Shore, Erin Lazarus, Matthew Barge (@Matthew_Barge) & Megan Babovec (@VMeganBabovec) - JLL
NOTE: Kite Realty Group Trust has acquired the 160,000-square-foot Prestonwood Place shopping center in Addison. The retail complex, with over 94% occupancy and office spaces, was previously owned by a unit of Northwood Investors and was brokered by JLL.View on map
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Address5290 Belt Line Road
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