Blueprint Investment Properties And Newport Capital Partners Acquire Retail Assets In Mesquite For $45M

The sale involved two retail properties located at 500 North Galloway Avenue and 3600 Gus Thomasson Road in Mesquite, TX, with a total sale price of $45,000,000. The properties comprise 254,259 square feet, equivalent to a price per square foot of $177. Blueprint Investment Properties acquired the fully leased 86,302-square-foot Broadmoor Plaza, while Newport Capital Partners purchased the 167,957-square-foot Towne Crossing shopping center.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $45,000,000
• Buyer: Blueprint Investment Properties & Newport Capital Partners
• Seller: Dogwood Commercial
• Broker: Adam Crockett & David Disney - Disney Investment Group
• Square Footage: 254,259
• Price per Square Foot: $177

Adam Crockett and David Disney represented the sellers, Dogwood Commercial and Phillips Edison & Co., in both transactions. The sale of Broadmoor Plaza and Towne Crossing emphasizes the active retail market in Mesquite, Texas, reflecting the strategic choices made by the buyers and sellers involved.