DALLAS–Disney Investment Group has brokered thesale of two shopping center properties for nearly $35 million.Cross Timbers Village and Mansfield Pointe have both tradedhands.

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Cross Timbers Village in Flower Mound, TX, waspurchased by an undisclosed private West-coast buyer. Locally-basedDirect Development and Thackeray Partners divested of the propertyas a way to pare down its holdings. David Disneyand Adam Crockett of DIG represented the sellerand secured the buyer.

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The newly developed, 19,333-square-foot shopping center sits atthe intersection of FM1171 and Bruton Orand Boulevard. CrossTimbers Village is 95% occupied with Tom Thumb asthe property's shadow anchor and other retailers such as Subway,Great Clips, Terry's Donuts and RE/Max.

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While the exact acquisition price was not disclosed and probablyranges around $6 million, Disney tells GlobeSt.com, “that pricingwas pushing a 7% cap rate, which is exceptional pricing for thistype of stabilized property.”

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DIG also arranged the sale of Mansfield Pointe,which was purchased by Inland Real Estate Acquisitions Inc. Disneysays, the property was sold by a group controlled by The RetailConnection and Granite Properties, for $28.4 million.

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The 148,529-square-foot shopping center hosts tenants likeSuperTarget, Home Depot, Bed Bath& Beyond, Petsmart and Verizon. Developed in 2008, the propertysits on the southwest corner of Highway 287 and Debbie Lane. It is97% occupied.

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Disney brokered the sale, while Alan Shor andChad Bradshaw of The Retail Connection and PaulBennett of Granite Properties represented the seller, andMatthew Tice of Inland Real EstateAcquisitions represented the buyer.

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DIG is no stranger to retail transactions of this sort. Earlierthis year, it brokered the sale of the Target-anchored ParkAvenue shopping center in Little Rock, AR. Dallas-basedStrode Property Co. developed the asset and thensold it for $28.1 million. It was purchased by Inland RealEstate Acquisitions.

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