Michael Albanese Of AlbaneseCormier Holdings Acquires Retail Center From John P. Albright For $78M

The retail asset involved in the transaction is the Shops at Legacy North, situated at 7300 Dallas Parkway, Plano, TX. The property encompasses 243,000 square feet and was acquired for a total of $78 million, reflecting a price per square foot of $321. It is noteworthy that the retail center was built in 2007 and is currently 85% leased to prominent tenants such as Capital Grille and Benihana, and is part of the Legacy Town Center development.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $78,000,000
• Address: 7300 Dallas Parkway
• Market: Plano
• Square Footage: 243,000
• Price per Square Foot: $321
• Buyer: Michael Albanese - AlbaneseCormier Holdings
• Seller: John P. Albright - CTO Realty Growth

Michael Albanese represents AlbaneseCormier Holdings, while John P. Albright represents CTO Realty Growth in this transaction. Both parties played crucial roles in facilitating the acquisition of the retail center, which contributes to the robust Legacy Town Center project.