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5400 East Mockingbird Lane

David Lukes Of Curbline Properties Acquires Retail Center From Will Wilson Of Corsair Property In Dallas
SOLDRetail

David Lukes Of Curbline Properties Acquires Retail Center From Will Wilson Of Corsair Property In Dallas

5400 East Mockingbird Lane

Building Size

79,885 SF

Asset Type

Retail

Closing

Aug 5, 2025

AI

The property involved in the transaction is a retail center located at 5400 East Mockingbird Lane in Dallas. This asset, known as Mockingbird Central Plaza, comprises approximately 79,885 square feet and was built in 1985. The center is currently 98% leased and underwent renovations under the previous ownership. It was last valued at $21 million in 2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Undisclosed
  • Buyer: David Lukes - Curbline Properties
  • Seller: Will Wilson - Corsair Property
  • Date of Transaction: 08/05/2025
  • Market: Dallas
  • Asset Size: 79,885 SF

The deal was brokered by Disney Investment Group, facilitating the acquisition of the retail center from Corsair Property Co. Curbline Properties' acquisition enhances its portfolio in the Dallas area, particularly near Southern Methodist University.

Players

David Lukes

Buyer

$1.6B

vol

28 deals

Buyer

Dallas 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