Hartman Adds to Dallas Retail Portfolio

  • Hartman Income REIT, Inc., a Houston based Real Estate Investment Trust, announced today that Hartman Prestonwood Properties LLC, an affiliate, has purchased Prestonwood Park Shopping Center from Regency Centers, LP.

 

  • Prestonwood Park SC – A 101,167 square foot, two (2) building retail center is located at the highly desirable intersection of Park Boulevard and Midway Road in Plano Texas.

 

  • Lead tenants at Prestonwood Park include: Cedar’s Woodfire Grill, a freshly grilled, casual dining restaurant, Sprint Nextel, the 3rd largest telecommunications company in the U.S., Domino’s Pizza, the 2nd largest pizza chain in the U.S., Subway, the largest single-brand global restaurant chain and Sally’s Beauty Supply, an international specialty retailer of professional beauty supplies retailer.
  • Prestonwood Parks Shopping Center is located is the northeast corner of Park Boulevard. and Midway Road. and is currently 68.5% occupied. Prestonwood Park enjoys an unassailable position in the heart of the Plano submarket, in Dallas’ affluent northern suburbs. The center has unparalleled access to a coveted submarket that is a proven force for generating retail sales.  Chris Cozby and Chris Gerard of CB Richard Ellis represented the seller, Regency Centers in the transaction and Dave Wheeler and Julian Kwok, CCIM represented the buyer, Hartman Prestonwood Properties LLC.

 

Hartman Income REIT’s existing Portfolio

Hartman Income REIT, headquartered in Houston,Texas, is a $320,000,000 Real Estate Investment Trust which owns and/or manages 32 properties with 4,400,000 square feet of office, industrial and retail space. Our properties are located in Houston, Dallas and San Antonio,Texas. For more information, please contact Allen Hartman, at 713-467-2222.

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