Yegnesh Ragi's Three Pillars Capital Acquires Retail Asset In Frisco

The Shops at the Gate, a fully leased two-building shopping center located in Frisco at 6560 John Hickman Parkway, spanning 16,000 square feet on 2 acres of land, has been acquired by 3 Pillars Equity. The shopping center is part of The Gate, a $1 billion mixed-use project in Frisco near Dallas North Tollway. Tenants in the shopping center include Modern Skin Med Spa, On the Marquee, Christie’s, and various eateries.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not Disclosed
• Buyer: Yegnesh Ragi - Three Pillars Capital
• Brokers: Darrell Betts & Mike Kennedy - Avison Young

Yegnesh Ragi, representing Three Pillars Capital, strategically acquired The Shops at the Gate as part of 3 Pillars Equity's goal to enhance long-term value for investors. Darrell Betts and Mike Kennedy, from Avison Young, played a pivotal role in facilitating the purchase of the shopping center, which is a key component of The Gate mixed-use development.