DALLAS--HFF has closed the sale ofEldorado Market Place, a 162,331-square-footgrocery-anchored retail center in Frisco.

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HFF marketed the property on behalf of the seller, WDEldorado & Tollway LP, an affiliate of Plano-basedDuggan Realty Advisors LLC and WaittInvestments. An affiliate of Fidelis RealtyPartners Ltd. purchased the asset for an undisclosedamount free and clear of existing debt.

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Located at the northwest corner of the Eldorado Parkway and theDallas North Tollway, the property is approximately 30 miles fromdowntown Dallas. Built in 2008, the center is 99 percent leased to35 tenants, including Market Street, PetSmart, Raising Cane's,RE/MAX, The UPS Store, Jersey Mike's, AT&T and DynamicFitness.

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In addition, the sale included approximately 24 acres of landfor future development.

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The HFF investment sales team representing the seller was led bysenior managing director Doug Hazelbaker andmanaging director Ryan Shore.

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According to HFF, the center offered excellent value enhancementpotential with the phase two land component, and this offeringaligned with Fidelis' acquisition strategy.

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HFF declined a request for additional comments.

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