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6560 John Hickman Parkway
SOLD

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

6560 John Hickman Parkway

Retail
16,000 SF
clock iconSold 89 days ago
Darrell Betts
Mike (Michael) Kennedy
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Summary

Sale
TEXAS
Retail
16,000 sqft

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:

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.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Darrell Betts's profile picture
Darrell Betts
Avison Young-image
Principal
Mike (Michael) Kennedy's profile picture
$20M Sold

Details

Deal Summary
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SOLD
IMAGE: Yegnesh Ragi, Darrell Betts & Mike Kennedy DATE: 02/26/2024 ADDRESS: 6560 John Hickman Parkway MARKET: Frisco ASSET TYPE: Retail ~ SF: 16,000 ~ ACRES: 2 BUYER: Yegnesh Ragi - Three Pillars Capital BROKERS: Darrell Betts & Mike Kennedy - Avison Young (@Avison_Young_Global) NOTE: 3 Pillars Equity has purchased The Shops at the Gate, a fully leased two-building shopping center in Frisco, near Dallas North Tollway, as part of the $1 billion mixed-use project, The Gate. The acquisition aligns with 3 Pillars Equity's strategy of maximizing long-term value for investors, with tenants including Modern Skin Med Spa, On the Marquee, Christie’s, and various eateries.

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Address6560 John Hickman Parkway

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